Love Cebu. com

M    &     L    LOANS

 Why should I do borrow from this company?              

Contact:  Lorna D. Frizas, Reg. Agent.  Ph: 580-5249.  Email:  Agent Lorna

Located in Banawa near Arcenas Street on Duterte.

 

Because we have MANY loan products....and we are Dependable!

Loan     Products

 

OFW LOAN (Placement/Personal)
1 Day Processing
Requirements:
  1. Valid Ids, 2x2 picture
  2. Original proof of Billing / Utility Bills: if submitted utility bills is not under borrower's name; proof of residency is required such as; Valid Ids with address, proof of remittance, credit card, telephone./cell phone, water, cable
  3. Contract of Employment, POEA Info. Sheet
  4. Visa/ Passport, E-receipt / Plane Ticket
  5. For Placement Fee: Job Offer /Contract / Medical Exam Certification
  6. For Direct Hire / Immigrant: Certificate of Employment
  7. Visa / Passport, Plane Ticket / Flight Details
  8. Salary Ceiling: Php 13,500
COLLATERAL
:
 PDC (Joint Acct w/ Co-borrower)
INTEREST RATE (Add-On)
:
  5% per month
CO-BORROWER
:
 Spouse/Beneficiary as co-borrower
To open joint account; 2 valid Ids
120K below loan approval: 2 signatories
125K above loan approval: 3 signatories
PROCESSING FEE
:
 5.5%
PROCESSING TIME
:
 1 DAY RELEASE
LOANABLE AMOUNT
:
 150% of Basic Salary for Php 30K and below
200% of Basic Salary for Php 35K above
Maximum: Php 300,000.00
TERMS
:
 3-9 months
 
GRACE PERIOD
:
 First payment will start 30 days after release

 

SEAMAN'S LOAN
1 Day Processing
Requirements:
  1. Valid Ids, 2x2 picture
  2. Original proof of Billing / Utility Bills: if submitted utility bills is not under borrower's name; proof of residency is required such as; Valid Ids with address, proof of remittance, credit card, telephone./cell phone, water, cable
  3. Proof of Remittance (if old timer)
  4.  Latest Contract Deployment
  5.  Passport / Seaman's Book / Seafarer's Registration Cert. (SRC)
  6. Allotment Slip / Certificate of Allotment
  7. Marriage Contract (if Married)
  8. Salary Ceiling: 300U$ Dollars
COLLATERAL
:
 Post Dated Checks (PDC)
INTEREST RATE (Add-On)
:
 Option 1 : 5%    
    Option 2 : 3%    
CO-BORROWER
:
 Spouse/Allotte as co-borrower
To joint current account; 2 valid Ids
Php 150,000.00 below loan approval: 2 signatories
Php 150,000.00 above loan approval: 3 signatories
PROCESSING FEE
:
 5.5% for Option 1 / 8% for Option 2
PROCESSING TIME
:
 1 DAY RELEASE
LOANABLE AMOUNT
:
 Php 250,000.00 (maximum)
200% of Basic Salary + guaranteed pay (minimum)
TERMS
:
 3-6 months
Grace period: 30 days after release.
Can be extended to 9 months depending on duration of contract.
GRACE PERIOD
:
 First payment will start 30 days after release

 

ALLOTTEE LOAN
Requirements:
  1. Valid Ids 2x2 picture
  2. Original Proof of Billing Electric, Water, Cable etc
  3. Latest Contract of Deployment
  4. Allotment Slip / Certificate of Allotment
  5. Marriage Contract (if Married)
  6. Co-Maker, with source of income
  7. Three (3) months proof of remittance not less than 20K
COLLATERAL
:
 Post Dated Checks (PDC)
INTEREST RATE (Add-On)
:
 4%
PROCESSING FEE
:
 4.5%
PROCESSING TIME
:
 5-10 working days
LOANABLE AMOUNT
:
 Php 20,000.00 to Php 150,000.00
TERMS
:
 3-6 months

 

BENEFICIARY LOAN
Requirements:
  1. Employment Contract/ POEA Info Sheet
  2. Proof of Remittance (latest) ; Door to Door receipts or Bank Statements if thru Bank.
  3. Marriage Contract (if Married)
  4. Plus basic documentary requirements - (2x2 picture, 2 valid Ids, Proof of Billing)
  5. Co-Maker, with source of income
  6. Three (3) months proof of remittance not less than 20K
COLLATERAL
:
 Post Dated Checks (PDC)
INTEREST RATE (Add-On)
:
 4%
PROCESSING FEE
:
 4.5%
PROCESSING TIME
:
 5-10 working days
LOANABLE AMOUNT
:
 Php 20,000.00 to Php 150,000.00
TERMS
:
 3-6 months

 

OFW MIGRANT LOAN

Primary Qualifications: OFW is already deployed abroad minimum salary of $500.

 

SUBJECT PERSON

DOCUMENTARY CONTENT

 » OFW
    can be sent thru courier to GDFI (Marketing to
    recieve package list to be attached)

* Downloadable PN and Disclosure signed at www.globaldominionfinance.com.ph
* Photocopy of Passport (1stpage, pages of latest overseas entry & exit samples)
* Photocopy of VISA / Work Permit / Residence Permit
* Original Photocopy of COE and latest payslip
* Photocopy of Employment Contract and Company ID
* Contact Numbers; email address

 » BENEFICIARY

* Complete filled-up Application Form
* 2x2 picture
* 2 valid ID's
* Proof of Remittance
* Latest Proof of Billing
* Joint CA with Co-Borrower
* Contact Number/s

 » CO-BORROWER
 

* Immediate Family of the OFW (up to 3rd degree)
* Proof of Income
* 2x2 valid ID's
* Latest Proof of Billing
* Contact Number/s
*Joint CA with the Beneficiary
 
 

» ADDITIONAL CO-BORROWER
    for 150K up approval(3 signatories on PDC's)

* Relative or Friends with income
* Proof of Income
* 2x2 valid ID's
* Latest Proof of Billing
* Contact Number/s
* Joint CA with the Beneficiary

 » COLLATERAL

* PDC's
* No Grace Period

 » INTEREST RATE

* 5% per month (Head Office and Branch)

 » PROCESSING FEE

* 5.5%

 » TERMS

* Based on the remaning terms of contract (6 months maximum)

 » APPROVAL

* 200% of salary; maximum of Php 250K

 » NOTE

* Loan approval 120K and up to be confirmed by CRD with the borrower abroad

 

BUSINESS LOAN
Requirements:
  1. Business is existing atleast 1 year
  2. Mayor's permit or Barangay's permit to operate business
  3. DTI for single proprietorship or SEC registration for corporation
  4. Board resolution to borrow for Corporation
  5. Latest 3 months Bank Statement - Strict requires current account or savings account
  6. Basic documentary requirements
PROCESSING FEE
:
 4.5%
PROCESSING TIME
:
 5-10 working days
LOANABLE AMOUNT
:
 Php 20,000.00 to Php 150,000.00
TERMS
:
 3-6 months
INTEREST RATE
:
 3% per month

 

CAR LOAN
Requirements:
  1. Car models 1991 up
  2. Copy of Mayor's Permit or Bank Statement, if with business
  3. Copy of employment certificate & payslip, if employed
  4. Latest picture of vehicle
  5. Original OR / CR upon release
  6. Stencil of Motor and Chassis no. from LTO Blue Form
  7. TIN Number
  8. Original community certificate
  9. Basic documentray requirements
  10. Co-maker not required
  11. Php 250,000.00 up approval comprehensive insurance duly endorsed to GDFI
  12. Source of income is business but no available CA/SA can be processed; but maximum approval is Php 50,000.00
  13. 1998 model below limited 16 months terms
PROCESSING TIME
:
 48-hours release (Metro Manila LTO)
72-hours release (Provincial LTO release)
COLLATERAL
:
 Original OR/ CR
2002-up   1991-2002
INTEREST RATE (Add-On)
:
 2%        2.5% per month
PROCESSING FEE
:
 5.5%
LOANABLE AMOUNT
:
 Php 30,000.00 to Php 1 million (or 50 to 70% of the appraised value)
TERMS
:
 3-12 months
15 to 18 months (subject for approval

 

CORPORATE LOAN
Requirements:
  1. Business existing for atleast 3 years
  2. DTI registration if single prorietor or SEC Registration / Articles of Incorporation, if corporation
  3. Mayor's Permit or Barangay Permit to operate business
  4. Latest current account or savings account bank statements for atleast three months
  5. With co-maker with income
  6. Plus basic documentary requirements
GROSS MONTHLY SALES
:
 Minimum of Php 500,000.00
INTEREST RATE (Add-On)
:
 2.5% per month
PROCESSING FEE
:
 5%
PROCESSING TIME
:
 5-10 working days
LOANABLE AMOUNT
:
 Php 100,000.00 to Php 300,000.00
TERMS
:
 3-12 months

 

TUITION FEE LOAN
Requirements:
  1. Copy of Mayor’s permit & Bank Statement, if with business
  2. Copy of employment certificate & Pay slip if employed
  3. Copy of allotment slip & Contract of deployment if one of the parent is seaman/allottee
  4. Copy of PRC ID if licensed professional
  5. Copy of Employment Contract & proof of remittance, for OFW/Beneficiary
  6. Photocopy of registration form / ASSESSMENT FORM (optional)
  7. Basic documentary requirements
INTEREST RATE (Add-On)
:
 3% per month
 
PROCESSING FEE
:
 5%
PROCESSING TIME
:
 5-10 working days
LOANABLE AMOUNT
:
 Php 15,000.00 to Php 150,000.00
TERMS
:
 3-9 months

 

DOCTORS , DENTISTS  &  VETS
Requirements:
  1. Clear copy of PRC or Proof of Renewal, if expired
  2. Copy of latest bank statement (CA/SA) for at least 2 months or list of clients / Patients Ledger
  3. Basic documentary requirements
  4. Co-maker requirement waived if 10 yrs in practice and affiliated with various hospitals(subject to CRD approval) – Dentist & Vets exempted
INTEREST RATE
:
 3.25% per month 2.5%
PROCESSING FEE
:
 4%  
LOANABLE AMOUNT
:
 30K to 250K  
TERMS
:
 3 to 9 months

 

SALARY LOAN
Requirements:
  1. Certificate of Employment & 3 Months pay slip
  2. Minimum of 2 yrs length of service
  3. Owned house, owned mortgaged, used free – 5 years
  4. Salary ceiling : 25K ; salary must be thru ATM Payroll Account
  5. Co-maker – office mates are not qualified
  6. Bank Statement of ATM “Salary Account”
  7. Basic documentary requirements
INTEREST RATE
:
 3.5% per month
PROCESSING FEE
:
 4.5%
LOANABLE AMOUNT
:
 15K to 150K
TERMS
:
 3 to 6 months

 

CALL  CENTER  SALARY  LOAN
Requirements:
  • Certificate of Employment & 3 Months pay slip
  • Minimum of 6 months employment by present call center company
  • Co-borrower – immediate relative, spouse or co-worker, with source of income
  • Basic documentary requirements
INTEREST RATE
:
 2.5% per month
PROCESSING FEE
:
 4.0%
LOANABLE AMOUNT
:
 Php50,000 or 150% of basic salary, whichever is lower
TERMS
:
 3 to 12 months

 

CAR LOAN IMPOUNDING
  1. Model 1994 up (acceptable model: Honda, Toyota, Mitsubishi, Nissan, and other leading brands)
  2. Photocopy of OR/CR (named after the borrower)
  3. 2 original valid ID's
  4. CTC and 2 TIN number
  5. Latest PNP / TMG clearance
VALUATION OF VEHICLES
:
 - model 1994-up or 50% of selling price to 70%
 
INTEREST RATE (Add-On)
:
 5.5% per month
PROCESSING FEE
:
 3%
- P 1,000 storage fee per month (1 month advance for the 1st month less to poceeds) (Storage fee to be paid by client for the succeeding month)
- P 2K for LTO Verification / Goodwill Chattel Fee of 2.5% based on the approved amount
TERMS
:
 90 days renewable
PROCESSING TIME
:
 2-3 hours depending on the distance of LTO office

 

CAR LOAN (TAKE OUT) OR / CR
Requirements:
  1. Models 1991-up (acceptable model: Honda, Toyota, Mitsubishi, Nissan, & other leading brands)
  2. Photocopy of OR / CR
  3. Statement Account (SOA) from Financing Company Bank
  4. Stencil of Motor and Chassis No. from LTO (blue form)
  5. Original Community Tax Certificate (Cedula) and TIN
  6. Usual requirements if the client is employed, with business, OFW/Beneficiary, Seaman/Allottee or Doctor
VALUATION OF VEHICLES
:
 50-70% of vehicles market value
COLLATERAL
:
 - Deed of undertaking (Undertaking to submit OR/CR and original cancellation of mortgage)
- SPA to authorize GDFI to get original OR/CR and cancellationof mortgage
- Chattel Mortage
- Post Dated Checks (PDC)
- Original OR/CR (after maximum of 15 days)
INTEREST RATE (Add-On)
:
 3% per month
PROCESSING FEE
:
 5.5% of amount financed
TERMS
:
 3-12 months
PROCESSING TIME
:
 3-5 working days

 

TAXI/PUV, PUJ, TRUCK LOAN
Requirements:
  1. Original OR/CR upon release; photocopy of OR/CR upon application
  2. Stencil of Motor No. and Chassis No. from LTO (Blue Form)
  3. Original community tax ceritificate (CEDULA) and TIN
Other Requirements:

TAXI/PUV
  1. 1995 up model (Acceptable model: Toyota Nissan, etc.)
  2. LTRB franchise
  3. Co-maker not required
  4. Latest picture of vehicle
     
PUJ
  1. No year Model required but with picture upon submission based on vehicle condition
  2. LTFRB franchise
TRUCK
  1. 1997 up model (Acceptable model: limited to 6-wheeler trucks, Toyota, Nissan, Mitsubishi, Hyundai, Isuzu, Fuso, Hino, Kia, etc.)
  2. Acceptable Type of Truck - L-300FB, Aluminum Van, Canter Cargo Truck, Refrigerated Van, Close Van, Forward Self Loader, etc.
  3. Latest picture of vehicle upon submission of application
COLLATERAL
:
 - Original OR/CR
   Deed of Assignment/Chattel Mortgage PDC
INTEREST RATE (Add-On)
:
 3%
PROCESSING FEE
:
 5.5%
LOANABLE AMOUNT
:
 TAXI/PUV - 30K to 200K
 
:
 PUJ - 30K to 150K
 
:
 TRUCK - 30K to 250K
TERMS
:
 3 to 12 months

 

SECOND HAND CAR FINANCING
Requirement:
  1. Models 1991-up (acceptable model: Honda, Toyota, Mitsubishi, Nissan and other leading brands)
SELLER:
  1. Photocopy of OR / CR
  2. Offer to sell vehicle
  3. Deed of Sale (Original and Notarized)
  4. TMG / PNP Clearance (not more than two weeks)
  5. Latest picture of vehicle
  6. Stencil of Motor No. and Chassis No. from LTO (2 sets)
  7. CTC and TIN and 2 valid ID's
BUYER
  1. Original CTC, TIN No. and 2 valid ID's
  2. If borrower is employed, with business, seaman or doctor, proof of income and usual requirements apply.
COLLATERAL
:
 - Original OR/CR
   Chattel Mortgage / Post Dated Checks (PDC)
INTEREST RATE (Add-On)
:
 2.5% (models 2000-up)
2.75% (models 1991-99 and Japan Cars)
PROCESSING TIME
:
 3-5 working days
LOANABLE AMOUNT
:
 50% - 70% of vehicles market value
TERMS
:
 6 to 12 months

 

BRAND NEW MOTORCYCLE FINANCING
Requirements:
  1. Qualified type of units: Honda, Suzuki, Kawasaki and Yamaha
  2. Photocopy of updated proof of billing (residence)
  3. Stencil of Motor No. and Chasis No. from LTO (Blue Form)
  4. Photocopy of OR / CR
  5. Original community tax certificate (CEDULA) and TIN
  6. Preferably with source of income
  7. Usual requirements apply if the borrower is self-employed or employed
COLLATERAL
:
 Original OR / CR
Deed of Assisnment / Chattel Mortgage
PDC
INTEREST RATE (Add-On)
:
 2.5% per month
PROCESSING FEE
:
 2.50% of unit cost or actual chattel mortgage cost, whichever is higher
PROCESSING TIME
:
 maximum of 2 days
LOANABLE AMOUNT
:
 Php 50,000.00 to Php 100,000.00 or 50%
EQUITY
:
 Maximum of Php 5,000 down payment or 10% of unit cost
TERMS
:
 12-36 months

 

TRICYCLE LOAN
Requirements:
  1. Acceptable model: Honda, Kawasaki, Yamaha, Suzuki
  2. Original Official Receipt / Certificate of Registration (OR / CR)
  3. Stencil of Motor No. and Chassis No.from from LTO (Blue Form)
  4. Picture of tricycle upon submission of application
  5. T.R.O. / Tricycle Franchise Division (issued by local government)
COLLATERAL
:
 Original OR / CR
Deed of Assisnment / Chattel Mortgage
PDC
INTEREST RATE (Add-On)
:
 4% per month
PROCESSING FEE
:
 4%
LOANABLE AMOUNT
:
 Minimum of Php 15,000.00
TERMS
:
 3-12 months

 

REAL ESTATE LOAN
Requirements:
  1. Subdivision / Residential house and lots
  2. Certified true copy of TCT, Tax Declaration and RETR (Real Estate Tax Receipt)
  3. Vicinity map and picture
  4. Original copy of Community Tax Certificate (CEDULA) and TIN
  5. Usual requirements apply if borrower is employed, with business, Seaman, OFW or Doctor
  6. Copy of Marriage Contract, if married.
INTEREST RATE (Add-On)
:
 1.5% per month, for residential, industrial and commercial properties
PROCESSING FEE
:
 1.75% per month for agricultural properties 5.5%
LOANABLE AMOUNT
:
 Php 50,000.00 to Php 1,000,000.00 (30% of appraised value)
TERMS
:
 3-18 months