Tuesday, December 10, 2013

Car Title Loan - Use OR CR for Car Pawn (Sangla)

1 Day Release Loan in Philippines
Sangla has become one of the most popular ways to get cash loan in the Philippines. In the previous years I thought of it (I'm not yet a loan consultant that time) to be an effective way to get emergency or quick loan. All that has changed today although the same basic instinct says that it is still what it is, it just moved into a new dimension when big, legitimate and DTI or SEC accredited lending companies in the Philippines start accepting car as collateral to get instant fast cash.


Many names has it been called by borrowers and lending firms. One is OR CR loan, car pawn (sangla), another is the car title loan and finally, a new one which is the car loan without taking your car which literally means that the car will not be impounded by the lending company upon using it as collateral to get instant cash.

The process of application of this type of loan has also been made to become a hassle-free application because many lending companies have made it possible for a 1-day release loan. Provided of course that certain requirements and pre qualifying instances are met. These cases can come from providing complete and right requirements plus early reporting at the lending office to have the process as early as possible so you become first in line.

You can see the full list of car loan requirements here or you can read it below.

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