We often hear of “pivot” or “pivoting” in business. But how do we pivot our lives to fit the protocols and restrictions that come with these uncertain times? Plans are on hold. Activities have changed. More than a year into the pandemic, the long-term financial impact continues to weigh heavily on many of us.
Several segments of the population are hit harder than others. Some get by but some continue to worry about the uncertainties of the future. No matter where you are on that spectrum, SB Finance’s flagship product, Car4Cash, may help you pivot with ease.
Get the extra cash you need to expand your business or pay for planned expenses such as tuition, travel, home repairs, and more.
Making loans easier for Filipinos
SB Finance is a partnership between two Asian financial giants, Security Bank Corporation and Bank of Ayudhya (Krungsri) of Thailand, with a clear focus to help Filipinos from all walks of life.
“We’re set to launch multiple products this year starting with Car4Cash, a multi-purpose loan with lower interest rates. This further cements Krungsri’s strategic partnership with Security Bank to foster financial inclusion in the Philippines. It also demonstrates Krungsri’s commitment to our ASEAN expansion strategy and aspiration to ‘be the preferred Thai bank connecting customers’ needs across ASEAN’,” says Mr. Dan Harsono, Senior Advisor of Krungsri.
The newly launched product, Car4Cash, is a car title loan that provides vehicle owners with quick access to cash in exchange for their car’s Official Receipt and Certificate of Registration (OR/CR). You may have heard of car title loans in its common name, OR/CR sangla.
This new loan product lets you enjoy a low-interest rate of at least 1.25%. Application is fast and easy, and you can loan up to Php2M with a low processing fee of 3% of the loanable amount, payable up to 36 months. You just need to submit your OR/CR for safekeeping, while you keep your vehicle for the duration of the loan term.
Worried about encumbrances? SB Finance President and CEO Abbie Casanova assures, “A key competitive advantage of Car4Cash is that we only safekeep the OR/CR of clients—we do not encumber them. We want clients to feel assured that their vehicle remains their property while they use the funds from our loan product for their needs.”
Let SB Finance be your partner in reaching your financial goals. Turn your car into cash quickly while it still stays with you! OR/CR lang, and you can have the funds you need. Dito, pwede!