COLLATERAL LOANS

Collateral Loans are protected by an asset or property of value pledged by a borrower in exchange for a loan. The most commonly used security for collateral loans are car registration and land title.

Loan Types

  • Car Refinancing (Sangla OR/CR without taking your car)
  • Truck Refinancing (Sangla OR/CR without taking your truck)
  • Purchase of 2nd Hand Car and Truck
  • Car and Truck Take-out
  • Tricycle Loan

Car Refinancing

Car Year Model 2000 and above only

  • Copy of OR/CR
  • Proof of TIN
  • Picture of vehicle
  • Documented Proof of Income

Truck Refinancing

Accepts any year model

  • Copy of OR/CR
  • Proof of TIN
  • Picture of vehicle
  • Documented Proof of Income

2nd Hand Car Purchase

Car Year Model 2002 and above only

  • Copy of OR/CR
  • Deed of Sale
  • Proof of Downpayment
  • Proof of TIN
  • Documented Proof of Income

2nd Hand Truck Financing

  • Copy of OR/CR
  • Deed of Sale
  • Proof of Downpayment
  • Proof of TIN
  • Documented Proof of Income

PUV/PUJ/Taxi Loan

  • Copy of OR/CR
  • Copy of LFTRB Franchise (original to be submitted upon release of loan)

Tricycle Loan

For Honda, Kawasaki, Suzuki, and Yamaha only

  • Copy of OR/CR
  • Copy of MTOP (Motorized Tricycle Operators Permit)