Car Refinancing in Manila and Philippines Provinces - Prevent Foreclosure by Auto Loan Takeout

Car Refinancing in Manila and Provinces

As one of my car loan and auto financing provider with main branch in Manila opens up for refinancing options for your brand new car under encumbrancy notation with your OR / CR in a bank or another private lending company, please be reminded that through the auto refinancing program, you may now avoid getting your car foreclosed. This is called as car loan takeout too. Another good thing is that if you are paying big amount for years on your monthly amortization for your car, with a refinancing, you will now have a lower monthly payment compared to your previous loan.

So how can you apply for car refinancing and what are the different pre qualifications to get in the program of my provider? Please note that I have providers in Manila as well as in most surrounding provinces all over the Philippines from Luzon, Visayas and Mindanao.


First off, all you have to do is to get your bank or private or in house financing statement of account for the payments you've already made for your car. You may also try to ask directly, the financing party if you have already paid at least 80% of the total principal amount. Then next, you will have to make sure that you have paid at least the amount stated including your initial down payment. If you pass these pre qualifying requirements, then you can enter the program and achieve lower monthly amortization plus probably get a quick cash in exchange for your car refinancing.

If you have any questions regarding other documentary requirements, interest rates, free quote, car refinancing payment terms and processing fees, please click here.