1 Hour Loan

1 Hour Loan - Car Impounding with ORCR Sangla and Unit as Collateral

Technically, a 1 hour loan using car as collateral is possible only via what we call as car impounding loan. Here, clients are in a time zone where the need for funds or money is immediate. This means that if you undergo the regular car pawning process and go through all the hustle and bustle, it is impossible to get cash within the day. The solution is to apply for this secured loan thru our private financier. Below are the terms, policies, interest rates and a complete step by step guide on how to apply for this ORCR loan.

Terms and Conditions for 1 Hour Loan

1. Appointment setting is required. You will not be accepted and entertained without an appointment which happens only if you confirm it thru us. Strictly no walk-ins allowed!
2. First, your car must be in good condition and qualified based from our private financier standards. This means you must personally bring the unit to their office for physical checking. You will immediately get a free quotation of loanable amount and computation of charges/fees. Terms of loan will also be explained here.
3. You will be required to leave your car, keys and the original ORCR to our private financier provider.
4. Interest rate here is 5% per month. (We will explain later why and when this is your best option)
5. Payment term options range from 3 months to 10 months only
6. You have an option to pay only for the monthly interest rate
7. Storage fee is charged on a monthly basis
8. Warehouse is super secured and car will be cleaned and washed before releasing to owner after loan payment via a contract is terminated and all dues paid by the borrower.
9. No extra charges/fees will be incurred to the borrower for processing. Just a consultant fee, storage fee and advance interest. Don't worry, there will absolutely be NO HIDDEN CHARGES. All will be disclosed to you before you decide.
10. Minimal charges stated above will only be deducted to the loan proceeds.
11. Zero cashout
12. Processing takes in as fast as 1 hour if all easy requirements are met and submitted in time and borrower must be cooperative with a few very easy and simple process.
13. No income nor proof of capacity to pay is required
14. Car loan takeout / refinancing / pasalo / payoff balance is allowed as long as the vehicle is not yet taken away by bank or financing company with which the car is mortgaged. The amount of balance must also be within the range allowed by our provider which is usually from 60% to 70% balance based from the full mortgage amount.
15. 2nd / 3rd /4th owners etc... is allowed as long as a deed of sale is present. In this case, an ownership transfer may be required by our provider.
16. Cars with dead owners are allowed as long as a deed of sale or death certificate and other necessary documents are present. The pawning party must be willing to transfer car ownership to him or her.

Requirements for 1  Hour Loan Car Pawn

• 2 valid IDs of the owner as it appears in the ORCR or deed of sale
• any latest utility bill (may not be under your name)
• 2pcs 2x2 pictures or borrower or car owner
• original ORCR (for fully paid cars) 
• SOA for car loan takeout cases and deed of sale for 2nd or 3rd and so on car owners.
• car keys
• checking account - don't worry, if you don't have any. Our provider will give you an endorsement letter to their affiliated bank in case you don't have one.

How the Process Works and Procedure of Application

Our provider made it easy and fast to process an approval of application via the 1 hour loan. If you are willing to leave car and meet the requirements which we determine thru a 1-3 minute pre-qualification interview, then you are considered qualified. You next concern is how much charges/fees and security of your vehicle once you leave it. 

If you've read the terms and conditions above by now you must understand it all. But for the sake of information and clarification, let us guarantee you that no fees will be collected if you come to our provider office and get a quotation. Yes! You can walk away as if nothing happened and you won't have to pay any centavo if you didn't like any of the terms and charges to be disclosed by our provider. This is how transparent they process loan application here. This way, borrowers may be able to see if their car qualifies and if terms and charges are reasonable enough based from cash needs. 

Requirements will definitely be not an issue in this case. If you are ready to apply and ready to leave your car and provide all the easy requirements, just call us for more details below.

Ana - 0917-1797723 (Globe) / 775-6277 (PLDT) / 0928-3455234 (Smart)

Sam - 0917-5019245 (Globe) / 542-7015 (PLDT) / 0939-9269335 (Smart)