Truck Financing Philippines

Fast approval and flexible terms to expand or
upgrade your truck fleet.

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What is Truck Financing?

Truck Financing is a loan that helps businesses buy trucks necessary for their operations or get cash from a truck they already own.

If you’re looking for a Sangla OR/CR solution for your truck, this financing option lets you use your vehicle’s OR/CR as collateral even as you continue to use your truck for daily business operations. It also allows you to pay for commercial trucks in affordable installments instead of one full payment.

A Sangla OR/CR agreement lets you pledge your truck’s Official Receipt and Certificate of Registration as loan collateral without giving up the vehicle itself. In other words, yes, you can pawn your OR/CR, and this is exactly the kind of financial option ULoan’s Truck Financing Program offers.

Introducing ULoan’s Truck Financing Program

The ULoan Truck Financing Program is a fast-approval loan designed for small to medium enterprises (SMEs) and logistics operators. Whether you plan to buy a brand-new or second-hand truck, or need a Sangla OR/CR loan using your fully paid truck to access working capital, we can help. Unlike traditional OR/CR Sangla providers, our program also lets you finance truck purchases under one flexible financing solution.

Approvals in as fast as 48-hours

Accepts Trucks up to 15 years old

Minimal Documentation Required

Affordable Interest Rates

Loan Overview

Loanable Amount

Borrow up to 80% of appraised value

Payment Terms

Up to 48 months

Interest Rate

Minimum of 1.0% per month

Our interest rates for both truck purchase financing and Sangla OR/CR start at just
1.0% monthly, with the exact rate depending on your truck’s appraised value and your
chosen payment term.

Advantages of ULoan’s Truck Financing Program

  • Financing of CTPL + Comprehensive Insurance
  • Assistance to LTO Transfer/Registration/Renewal
  • 24/7 Roadside Assistance
  • Preventive Maintenance Package (1st year) soon to be available
  • GPS Package soon to be available

Eligibility Requirements

Businesses applying for truck purchase financing or Sangla OR/CR must meet the
following eligibility requirements:

  • Borrower must have an existing business operating for at least three (3) years.
  • Business must be registered with DTI or SEC.
  • Business must be located and operating within the following areas:
  • Metro Manila
  • Batangas
  • Bulacan
  • Cavite
  • Laguna
  • Nueva Ecija
  • Pampanga
  • Quezon
  • Rizal

Frequently Asked Questions

To apply, you can:

  • Submit an application online by filling out this form.
  • Call our office directly through our landline: (632) 8892-0991
  • Visit our office located at 3/F Majalco Building, Benavidez cor. Trasierra St., Makati City, Philippines to submit your complete application form and documents.
  • ULoan Application Form
  • DTI/SEC Registration
  • Mayor’s Business Permit
  • Valid Government-issued ID of Business Owner or Company Representative 
  • Proof of Address (i.e. Utility Bill, Barangay Certificate) 
  • Proof of Income (3-months Bank Statement, copies of completed invoices)

For financing or refinancing of existing/fully paid trucks
– Clear copy of OR/CR and pictures of the truck

For purchase of Brand New, Reconditioned, 2nd hand trucks
– Truck quotation issued by the truck dealer

For loan amount above ₱3 Million
– Audited and in-house FS covering more than two years

  • Terms may extend up to 48 months
  • Fees will include appraisal of vehicle, documentary stamp tax, processing fees, chattel mortgage fees, gross receipt tax and notary fee for documents.

3 to 5 working days

Yes. Similar to a Sangla OR/CR arrangement, you can continue using your truck for daily business operations while the OR/CR serves as collateral during the loan term.

It’s similar but even better. OR/CR Sangla is just one component of our Truck Financing Program. With our program, you can also finance the purchase of a brand-new or second-hand truck, giving you a complete, flexible financing solution tailored to your business needs.

See All FAQs Here →

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