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Auto-Sangla (ORCR) Loan

Minimal documentary requirements, faster approval and flexible payment options for interested car owners.

Get the Auto-Sangla (ORCR) Loan

PHP10,000 – PHP3,000,000

Loanable Amount

1.5%/month

Interest Rate

6-24 Months

Term

24-48 Hours

Processing

OUR

Partner Lenders

How to Apply

1

Check eligibility

Click Loan Calculator to check eligibility.

2

Create an account

Kindly fill up and complete all necessary requirements for your loan application to be tagged as complete.

(note: Incomplete application for 2 weeks will be automatically rejected by the system)

3

We process

 Our team will process your application by validating and verifying all your submitted information and requirements. Once verified, your loan application will be endorsed to our partner lenders.

4

Funding & Disbursement

Loan application will be forwarded to our partner lenders for funding. You will be notified when a Lender decides to fund your loan and if funds are ready for disbursement.

FAQs

What is Auto Sangla (ORCR) Loan?

It is a type of loan whereby a borrower presents the original Certificate of Registration and Official Receipt (ORCR) of his/her vehicle to obtain a loan in a fast and easy manner. The vehicle registration documents serve as collateral. BlendPH’s Auto Sangla loan is offered through the peer-to-peer funding platform’s partner-lenders, such as Forbes Lending Solutions Corporation. It is a high approval rate loan, but if the borrower defaults on the loan, the creditor may successfully seize the vehicle owned.

Will I still be able to use my car if I applied, and got approved, for an ORCR loan?

Yes. Even if a vehicle ORCR is converted into cash (and used for any of varied reasons like paying tuition fees, home renovation, or business expansion), the owner will still be able to use the car. The creditor need not take the car, preferably more recent models.

How much is the loanable amount under the BlendPH Auto Sangla loan? How about the interest rate and payment term?

The loanable amount ranges from PhP 50,000 to PhP 2 million (with corresponding interest rates of 1.5% per month for risk type A; 2% per month for risk type B; and 3% per month for risk type C.  The payment term is from six months to 36 months.