Taxi Loan without taking your Taxi

Are you a Taxi owner who needs cash to buy additional taxi unit? Or, are you one of those who are looking to refinance your mortgage? Well, good news, because many lending companies thru Cash Loan Philippines, are now offering cash loans to taxi owners who only need to present their taxi's O.R./C.R. and franchise as collateral. That's right!!! You can have the extra cash you needed and still continue to earn by driving your taxi. This Taxi Loan without taking your taxi scheme being offered by Cash Loan Philippines offers taxi owners with a non-collateral cash loan that you can use for the expansion of your taxi business or refinancing your existing mortgage.

Before we can begin with the process of your taxi loan application, we at Cash Loan Philippines need to pre-qualify you first to see if you are qualified to apply for a taxi loan. This process will save us both time and effort while informing you on the documents you need to prepare before you can apply for a taxi loan. We have listed below the conditions you need to meet to qualify for a taxi loan.

Taxi Ownership - taxi loan applicants must be able to show full ownership of the taxi whose O.R./C.R. will be used as a collateral. In the case of taxi loan for refinancing purposes, taxi loan applicant must have paid at least 80% of the total mortgage value of the subject vehicle.

O.R./C.R. must be under your name - in cases where you are not the original owner of the subject vehicle, you need to complete the transfer of franchise and vehicle ownership to qualify for a taxi loan. The subject vehicle's O.R./C.R. and franchise must also be updated in their latest.

Ability to submit documentary requirements - taxi loan applicants must be able to submit all required documents for fast approval of taxi loan application.

In preparation for your taxi loan application, you must prepare the following documents for submission to loan providers including photocopies of each document for faster processing of your loan application:

• Completely filled up application form
• 2 primary valid IDs (government I.D.'s)
• 4pcs 2x2 photos
• Proof of billing - either meralco (electric bill) or NAWASA (water bill) is only accepted. (not necessarily under your name but must have same address as your 2 valid primary IDs)
• Photocopy of OR CR - original to be submitted upon loan proceeds claim
• Photocopy of franchise document
• Tin number
• Stencil of Motor Number and Chassis Number from L.T.O. (blue form)

For further information about the "taxi loan without taking your taxi" scheme offered by Cash Loan Philippines, we have listed below the details regarding the processing fees and interest rates regarding the taxi loan we offer:

Processing Fees and Interest Rates

A. If With Deed of Sale
4% processing fee
3.5% interest rate

B. 2nd Owner only (w/ original OR CR)
5.5% processing fee
2006 year model and below - 2.5% interest rate
2007 year model and newer - 2.% interest rate

At Cash Loan Philippines, we do not charge loan applicants for the loan application assistance and loan consultancy services we provide. Lending companies we are affiliated with give us commission based on the amount of loan we helped get approved for a loan applicant. So it is in our best interest to help you get your loan approved the soonest possible time. So if you think you'll have problems with your loan application or you'll have problem producing some of the required documents, it is best to inform us so we can help you find a proper solution. Remember, Cash Loan Philippines is affiliated with many lending companies or loan providers that are willing to entertain loan applicants like you.

So, if you have any question regarding a specific cash loan you wish to apply for, we at Cash Loan Philippines are always happy to entertain your inquiries any time. Just give us a call. Our mobile numbers are 0997-508-4837 for GLOBE and TM subscribers and 0949-857-2250 for SMART and TNT. We'll be glad to hear from you and we look forward to helping you on your taxi loan application.