Second-Hand Car Financing
Need a little more for a second-hand car? GD can help with that!
Is paying for a second-hand car still burdensome for you? Do you need additional cash for your car? If 30% of your car’s cost has been paid, Global can help you with the remaining 70%. So what are you waiting for? Apply now!!!
- Model 1995-up (acceptable model: Honda, Toyota, Mitsubishi, Nissan and other leading brands)
Seller:
- Photocopy of OR / CR
- Offer to sell vehicle
- Deed of Sale (Original and notarized)
- TMG / PNP Clearance (not more than two weeks)
- Latest picture of vehicle
- Stencil of motor and Chassis number from LTO (two sets)
- CTC and TIN and two valid IDs
Buyer:
- Original CTC and Tin number and Valid IDs
- If borrower is employed, with business seaman or doctor
- Proof of income and usual requirements apply
Collateral: Original OR/CR, Chattel Mortgage, Post-Dated Check
Interest Rate (Add-on):
6 years above: 2.5%
5 years below: 2%
Loanable Amount: 50% – 70% of vehicle’s market value
Terms: 6–12 months
Processing Time: 3-5 working days
Agent Commission:
New Account: 4%
Renewal Account: 3%
Other documents may be required as needed. Details listed here may change without prior notice.
