Car Loan (Take Out) OR/CR
Want to pay off your previous lender? Clear your balance and get extra cash from us!
This is intended for those who would like to pay-off their remaining financial obligations with other financing companies. If 60% to 80% of payment has been made to the first financing company, Global Dominion can shoulder the remaining balance. Use the car as collateral, and get extra cash!
Model 1995-up (acceptable model: Honda, Toyota, Mitsubishi, Nissan and other leading brands)
Initial Requirements:
- Photocopy of OR / CR
- Statement of account SOA from financing co/Bank
- Original Community Tax Certificate (Cedula) and TIN
- Proof of income (payslips, bank statement, remittances, etc.)
Vehicle Valuation: 50%-80% of vehicle market value
Collateral:
- Deed of Undertaking(Undertaking to submit OR/CR & original cancellation of mortgage)
- SPA to authorized GDFI to get original OR/CR and cancellation of mortgage
- Chattel Mortgage
- Post Dated Checks (PDC)
- Original OR/CR (after maximum of 15 days)
Interest Rate (Add-on):
- 2.5% for 6 years above
- 2% for 5 years below
Processing Fee: 5.5% of amount financed
Processing Time: 3-5 working days
Agent’s Commission:
New Account: 4%
Renewal Account: 3%
Other documents may be required as needed. Details listed here may change without prior notice.
