What You Need To Know About GDFI’s Car Collateral Loan Product

If you’re a car owner and you’re currently in need of fast cash, then consider getting GDFI’s car collateral loan product. Affordable and secure, our collateral loan program will provide you with all the financial assistance you’ll need in case something urgent and unexpected came up. Plus, applying for our cash loans is fast and easy. Got some questions regarding the credit? Listed below are some of the most frequently asked questions.

How Can I Qualify for the Loan?

Basically, if you’re a Philippine citizen, you have a documented source of income, and you have a vehicle ORCR (for a unit not older than Year 2005), you’re qualified to avail our car collateral loan product. We, at GDFI, have been providing tailor-fit cash loan products and services to Filipinos for more than a decade, including OFWs, professionals, business owners, and even executives. To top things off, we have 60 branches equipped to meet all your needs.

What are the Other Requirements?

Aside from Philippine citizenship, an owned vehicle, and a source of income, we’ll also need the following:

● Two government-issued valid IDs.
● A copy of your vehicle’s latest OR/CR (Official Receipt and Certificate of Registration).
● Your latest electric or water bill. If the bills are not in your name, you must submit additional proof of residence. Any documents under your name and with your current address will do.
● TIN (Tax Identification Number)
● Proof of income:

○ Payslip for the last three months for employees.
○ Business permits for business owners.
○ Proof or receipt of remittance for the past three months for remittance holders.

How Can I Apply for the Loan?

Just go to our website and fill out the application form we’ve laid out there. Completing your loan application would take less than a minute, and we’re also there to help you find specific solutions for your financing needs. You’ll later get a call from one of our financial advisors for document processing and verification, and once your application is approved, you can get the money from the GDFI branch nearest you.

How Long Does the Entire Process Take?

That would depend on how quickly you submit your application form and other requirements. But as a rule of thumb, we generally take only 24 to 72 hours to process and approve a cash loan application.

About GDFI

Global Dominion Financing Incorporated is among the best financial institutions you’ll find in the Philippines. Providing lending financial services for various customers throughout the archipelago, we at GDFI offer easy and affordable cash loan products and services as well as top-of-the-line lending facilities that will cater to all your specific needs.

If you think you’re qualified and you’re ready to apply now, just click here.