Car Loan (without taking your car)
Have a car and need quick cash? Get a fast-approved loan without leaving your car!
Do you own a car and need money for some additional expenses? Visit our GDFI office near you and apply for our car loan.
You don’t have to leave your car with us. Just leave us your original OR/CR (official receipt/certificate of registration) as collateral, and get a high appraisal for your car.
We can give 50% to 85% of your car’s market value. Just submit the complete requirements and you’ll get your loan application approved in just two days.
Requirements:
- Original OR/CR (to be submitted when the loan is released)
- TIN & CTC (Community Tax Certificate or cedula)
- Proof of income (Mayor’s Permit and Bank Statement, if with business OR Certificate of Employment and Payslips, if employed)
- Basic documentary requirements
Processing time:
1 – 3 days (for Metro Manila LTO registration; longer if provincial LTO)
Collateral: The original OR/CR and Post-dated checks
Monthly Interest Rate:
2.5% for vehicles 6 years or older
2% for vehicles 5 years or younger
2.5% for surplus vehicles, regardless of terms
Processing Fee: 5.5%
Loanable Amount: P30k to P1M, based on appraised car value
Payment Terms:
3 to 18 months
Agent’s Commission:
5.5% for new accounts
3% for renewal accounts
Other documents may be required as needed. Details listed here may change without prior notice.
