Car collateral loan, also known as vehicle mortgage loan and now more commonly called Sangla OR/CR (official receipt and certificate of registration), is not a product many Filipinos are aware of.
According to a survey, only one out of 10 knows about it. Fewer people know that they do not have to surrender their units and that they just need to submit their car or truck's OR/CR along with other documentary requirements to avail of a cash loan that amounts to up to 90% of the unit's value.
In a previous national customer experience event attended by various leaders from different industries, Global Dominion president and managing director Patricia Poco-Palacios shared the story of another businessman who started a logistics firm with one truck and was able to grow his business through Sangla OR/CR.
It also started more digital campaigns with the help of its brand ambassadors multimedia personality and TV host James Deakin for car and truck financing and the singer-songwriter and OPM legend Ogie Alcasid for car and truck Sangla OR/CR to get in touch with more people in different fields of work and industry.
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