Taxi Loan - Car Collateral OR CR Only Without Taking your Car

Taxi Loan in the Philippines? Ask Me Now!

Part of the Philippines car loan lending industry is to accept taxi loan. This is a collateral for cash lending where only the OR CR is the collateral. This is also a loan without taking your car so the borrower can still use the taxi to work out and be able to pay for the monthly loan amortization.

If you own a taxi whether it is a private franchise or with UV express, you definitely have a place to pawn (sangla) your taxi. You will need the same requirements as the regular car loan plus add to that a copy of the franchise of the taxi which will be needed for the approval of your auto loan application.