Global Dominion commits to further introducing Sangla OR/CR in Philippines

MANILA, Philippines — Car collateral loan, also known as vehicle mortgage loan and now more commonly called Sangla OR/CR (official receipt and certificate of registration), is not a product many Filipinos are aware of.

According to a survey, only one out of 10 knows about it. Fewer people know that they do not have to surrender their units and that they just need to submit their car or truck's OR/CR along with other documentary requirements to avail of a cash loan that amounts to up to 90% of the unit's value.

Global Dominion’s sales and marketing teams are doubling their efforts to further extend market reach in key cities nationwide in order to increase awareness of the said loan product.

During a recent virtual financing forum, one of the guest speakers, Renzo Duat, shared that in the founding of his own business, he thought of selling his car before he learned about Sangla OR/CR and how fast and easy it is to apply for it.

Duat is now in partnership with Global Dominion, is expanding his business, and now has more than 100 units in his car dealership showrooms and more than 20 employees for Dashcarr Pro.

In a previous national customer experience event attended by various leaders from different industries, Global Dominion president and managing director Patricia Poco-Palacios shared the story of another businessman who started a logistics firm with one truck and was able to grow his business through Sangla OR/CR.

He renewed his loan 17 times until he owned 24 trucks and employed around 50 people. What was once unimaginable became reality with the help of financial tools.

To reach more Filipinos, Global Dominion set up more offices in the country. From 78 branches in 2022, the company opened new ones making the count reach 116 as of the first quarter of 2024.

It also started more digital campaigns with the help of its brand ambassadors multimedia personality and TV host James Deakin for car and truck financing and the singer-songwriter and OPM legend Ogie Alcasid for car and truck Sangla OR/CR to get in touch with more people in different fields of work and industry.

In its recently concluded annual stockholders’ meeting, it surfaced its operating profit