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 low-interest car loans.
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 offer the most competitive rates in the Philippines.
We can give 50% to 70% of your car’s market value. Just submit the complete requirements and you’ll get your loan application approved in just two days.
Loan Requirements:
- Copy of Mayor’s Permit and Bank Statement, if with business
- Copy of employment certification and pay slip, if employed
- Latest picture of the car - Original OR/CR (to be submitted when the loan is released)
- Stencil of motor and chassis number from LTO Blue Form
- TIN of borrower
- Original community certificate
- Basic documentary requirements
Loan Processing time:
48 hours for Metro Manila LTO registration
72 hours for Provincial LTO registration
Loan Collateral: The original OR/CR/PDC
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
Loan Processing Fee: 5.5%
Loanable Amount: P30k to P1M, based on 50% of the appraised car value
Loan Payment Terms:
3 to 12 months standard
15 to 24 months with approval
Loan Agent's Commission:
4% for new accounts
3% for renewal accounts
Other documents may be required as needed. Details listed here may change without prior notice.
