Sangla OR CR – Car & Truck Loan Finance Industry in Philippines


What is Sangla OR CR? Sangla is the Filipino term for pawning or depositing in pledge or depositing as security in exchange for money. OR is the Official Receipt of the vehicle. CR is the Certificate of Registration of the vehicle.


In the Philippine finance industry, anyone may apply for a loan from a lending company such as Quick Finance Loan, a local company that provides the fastest loan approval on car loans, OFW (Overseas Filipino Worker) loan, seaman’s loan, modified business loan, doctor’s loan, and many more.

Advantages of Sangla OR CR

Hence, Sangla OR CR means that someone owning a car or truck may pawn the OR and CR of his his/her vehicle to the lending company instead of pawning his/her vehicle. This arrangement allows the lending company to take only the OR and CR of the vehicle. The advantage of Sangla OR CR is that the vehicle remains in the owner’s care.

In Visayas and Mindanao, they call it Car Prenda, the Spanish term for pawn.

How to check if you’re qualified to apply for “Sangla OR CR” using your private utility vehicle

Now that you know about the advantages of having your loan easily and quickly approved by pawning your car’s Official Receipt and Certificate of Registration, the following checklist determines your qualification of whether or not a loan company is willing to lend you money.

  1. Vehicle is fully paid or it is owned. If your car is not under a mortgage payment plan with a bank or any finance company, it means that you are qualified to pawn your OR and CR. This is the first basis of a loan company before they can lend you money.
  2. Vehicle is already paid at least 80%. If your car is paid at least 80% of the fair market value, then you may be qualified to pawn your OR and CR to the lending company.
  3. Second-hand vehicle or used vehicle is fully paid. Even if your car is purchased second-hand or it’s already a used car, you may still pawn its OR and CR. Just make sure that ownership of the vehicle is under your name or there is a notarized deed of sale that specifies your name as the new owner of the vehicle.

How to find the best loan agent for Sangla OR CR

Beware of scammers! Beware of fake loan agents. Beware of fake loan companies. Never transact with anyone that is not verified, as this may lead to unwanted situation where your OR and CR have fallen to the wrong hands and worse is that instead of getting money from a lender, you’ll end up paying for transactions with the so-called loan agents.


And that is the problem anywhere in the Philippines, especially in Metro Manila where numerous individuals disguise as agents or are friends of agents and have good connection with lending companies.


Make sure that the agent has a genuine professional-looking website with updated information of his/her profile including company information, company address, contact numbers and email address, social media accounts, video presentations, feedback or reviews made by borrowers online, etc. A good example of the best agent in this industry is Mr. Richard Rapera, who has an extensive knowledge from many years of experience in loan industry and is one of the most trusted loan consultants and “authority” on financing or loan related matters in the Philippines that already helped many Overseas Filipino Workers (OFWs) and seafarers to get their financial applications easily and quickly processed and approved.

Vehicles accepted to apply for OR CR Sangla in Metro Manila

Car owners in the Philippines have been pawning their vehicles such as tricycles, multicabs, vans UV express, taxis or cabs, trucks, and non-public utility vehicles (PUV) or private cars. Filipinos pawn their cars to get cash.


In the National Capital Region (NCR), specifically in Metro Manila, loan or finance industry is dominated by private cars and trucks being pawned to lending companies.

Car Loan Sangla OR CR with 1.25% Interest Rate

If you need some money for emergency purposes, you can get quick cash with QFL through Car Loan Sangla OR CR for as low as 1.25% interest rate, which is payable from 6 to 36 months. Interest rate and terms though depend on your car’s year model.

Truck Loan Sangla OR CR with 1.5% Interest Rate

For Truck Loan Sangla OR CR, you can get quick cash with QFL for as low as 1.5% interest rate, which is payable from 6 to 36 months.

Payment Method for Sangla OR CR

Monthly payment of loan to the lending company is settled through any Bayad Center branches. No Post-Dated Check (PDC) is needed when paying for this type of car or truck loan.

Requirements for Sangla OR CR Application

Below is the list of requirements to process OR CR Sangla Application. Note that no coborrower is needed for loan below ₱500,000.

  • Copy of OR and CR
  • 2 valid government IDs
  • Electric or Water Bill (a different name on the billing statement is accepted
  • Proof of Income. If you’re employed, you need to provide copy of your company ID, COE (Certificate of Employment), and Payslips. If you’re self-employed, you need to provide business permits and 3-month latest bank statements.

What is the minimum and maximum loan amount?

The minimum loanable amount is ₱100,000 and the maximum loanable amount is ₱1,000,000.

Accepted Car and Truck Models for Sangla OR CR

Lending companies or the finance companies like Quick Finance Loan and Sangla OR CR Company accept car models from 2003 to 2009 and truck models from 2009 and up.

BMW Philippines. BMW is a German multinational company which produces automobiles and motorcycles. The company was founded in 1916 as a manufacturer of aircraft engines, which it produced from 1917 until 1918 and again from 1933 to 1945. It has an official distributor in the Philippines.


BMW Models

BMW 1 Series 5-door, BMW 2 Series Gram Tourer, BMW 3 Series Sedan, BMW 3 Series Gran Turismo, BMW 4 Series Gran Coupé, BMW 5 Series Sedan, BMW 6 Series Gran Turismo, BMW 7 Series Sedan, BMW X1, BMW X2, BMW X3, BMW X4, BMW X5, BMW X6, BMW X7, BMW M2 Coupé, BMW M3 Sedan, BMW M4 Coupé, BMW M5 with M xDrive

Chevrolet Philippines. Chevrolet, colloquially referred to as Chevy and formally the Chevrolet Division of General Motors Company, is an American automobile division of the American manufacturer General Motors (GM). Chevrolet’s Philippine operations are under the control of The Covenant Car Company Inc. In April 4, 2019, Chevrolet announced that the Camaro will return to the Philippines with a 2.0-liter turbo engine at 275hp and 398Nm to compete with the Ford Mustang ever since it was introduced in 2010.


Chevrolet Models

Spark, Sail, Cruze, Malibu, Trax, Trailblazer, Colorado, Suburban, High Country Storm, Camaro, Corvette

Ford Philippines. Ford Motor Company is an American multinational automaker that has its main headquarters in Dearborn, Michigan, a suburb of Detroit. In the Philippines, Ford sells commercial vehicles.


Ford Models

EcoSport, Everest, Explorer, Expedition, Ranger, Ranger Raptor, Mustang

Honda Philippines. Honda Motor Company, Ltd. is a Japanese public multinational conglomerate corporation primarily known as a manufacturer of automobiles, motorcycles, and power equipment.


Honda Models

City, BR-V, CR-V, Civic, Brio, Brio Amaze, Jazz, Mobilio, HR-V, Odyssey, Accord, Civic Type R

Hyundai Philippines. Hyundai Motor Company is owned by Hyundai Group, a South Korean business conglomerate headquartered in Seoul. Hyundai is active in a diverse range of activities including automobile manufacturing, construction, chemicals, electronics, financial services, heavy industry and shipbuilding.


Hyundai Models

Reina, All-new Veloster, Elantra, Accent, Accent Hatch, All-New Accent, Ioniq, Eon, All-new Santa Fe, Tucson, Kona, Grand Starex, H-100, H350, Cab and Chassis HD 65/72/78, Dropside Deck HD 65/72/78, Dry Van HD 65/72/78 and HD 120, Van Truck HD 120 Refrigerator Van, Wing Van HD 65/72/78, With Dump Body HD 65/72, Garbage Truck HD 72/78, Cab and Chassis HD 250/260, Cab and Chassis HD 320, Tractor Head HD 700, Mixer Truck 7CBM HD 270, With Deck (Dump) HD 270

Kia Philippines. Kia Motors Corporation, commonly known as Kia Motors, headquartered in Seoul, is South Korea’s second-largest automobile manufacturer, following the Hyundai Motor Company. It is owned by Hyundai Motor Company.


Kia Models

Picanto, Rio 5-Door, Sportage, Sorento, Grand Carnival, K2500, Soluto, Stinger, Forte

Lexus Philippines. Lexus is the luxury vehicle division of the Japanese automaker Toyota. The Lexus brand is marketed in more than 70 countries and territories worldwide and has become Japan’s largest-selling make of premium cars.


Lexus Models

IS Compact Sedan, ES Mid-size Sedan, GS Mid-size Sports Sedan, LS Luxury Sedan, UX Subcompact Luxury Crossover, NX Compact Luxury Crossover, RX Mid-size Luxury Crossover, GX Mid-size Luxury SUV, LX Full-size Luxury SUV, CT Compact Hatchback, RC Luxury Coupe, LX Flagship Luxury Coupe

Mazda Philippines. Mazda Motor Corporation is a Japanese multinational automaker based in Hiroshima Prefecture, Japan. In 2015, Mazda was the fifteenth biggest automaker by production worldwide.


Mazda Models

Mazda2 Hatch/Sedan, Mazda6 Sedan/Wagon, MX-5 Convertible, CX-5 5-Seat SUV, CX-9 7-Seat SUV, BT-50 Dual Cab

Mercedes Benz Philippines. Mercedes-Benz is a German global automobile marque and a division of Daimler AG, a German multinational automotive corporation.


Mercedes Benz Models

A-Class, B-Class, C-Class (C-Class Saloon, C-Class Coupé, C-Class Estate), CLA (CLA Coupé), CLS, E-Class (E-Class Saloon, E-Class Coupé, E-Class Estate), G-Class, GLA, GLC (GLC, GLC Coupé), GLE (GLE, GLE Coupé), GLS, S-Class (S-Class Saloon, S-Class Coupé), SL-Roadster, SLC-Roadster, V-Class

Mitsubishi Philippines. The Mitsubishi Group, also known as the Mitsubishi Group of Companies or Mitsubishi Companies and informally as the Mitsubishi Keiretsu, is a group of autonomous Japanese multinational companies in a variety of industries.


Mitsubishi Models

Mirage, Mirage G4, Xpander, Pajero, Montero Sport, New Strada, Strada GL, L200

Nissan Philippines. Nissan Motor Co., Ltd., usually shortened to Nissan, is a Japanese multinational automobile manufacturer headquartered in Nishi-ku, Yokohama.


Nissan Models

Almera, Sylphy, GT-R, Juke, X-Trail, Terra, Patrol Royale, Navara, NV350 Urvan

Subaru Philippines. Subaru is the automobile manufacturing division of Japanese transportation conglomerate Subaru Corporation (formerly known as Fuji Heavy Industries), the twenty-second largest automaker by production worldwide in 2012.


Subaru Models

Impreza 4D, XV, Levorg, Legacy, Outback, Forester, All-New Forester, WRX, WRX STI, BRZ

Toyota Philippines. Toyota Motor Corporation is a Japanese multinational automotive manufacturer headquartered in Aichi, Japan.


Toyota Models

All – New Camry, All-New Hiace, All-New RAV4, Alphard, Corolla Altis, FJ Cruiser, Fortuner, GR Supra, Hiace, Hilux, Innova, Land Cruiser, Prado, Prius, Prius C, Rush, The New Avanza, Vios, Wigo, Yaris, 86

Volvo Philippines. The Volvo Group is a Swedish multinational manufacturing company headquartered in Gothenburg, Sweden.


Volvo Models

SUV (XC90, XC40, XC60), Estate (V60, V40, V90), Sedan (S90, S60)

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