About lender
Global Dominion Financing Incorporated (GDFI) is one of the Philippines' top three financial institutions, with a decent reputation. The company has been operations since more than ten years and has achieved many positive reviews from its customers.
GDFI gives each customer what it considers a fair deal, enabling Filipinos to resolve their material problems quickly. The company is a reliable provider of financial services and works with large organizations. Global Dominion Financing Incorporated is present in more than 60 countries, allowing it to understand the needs of individuals in a particular region and improve its services.
They have been developing innovative loan products to fit the changing needs of their customers, whether for car purchases, business capital, tuition, home improvement, or even emergency and medical expenses, with easily manageable interest rates and convenient payment options. Over the past decade, they have offered cash loans and financial services to various groups, including OFWs, professionals, business owners, and executives. With more than 78 branches nationwide, they are well-positioned to meet your needs wherever you may be.
Pros and cons
Before submitting a loan application, it is always a good idea to be cautious and weigh the benefits and drawbacks of each company to make a wise decision.
Pros
- The decision on if the loan application is successful or not is made within 24 hours.
- The loan comes with low-interest interest rates, which allow customers to avoid significant overpayments.
- Loan repayment is convenient and easy.
- They also offer free expert advice.
- They offer a wide variety of loan services, ranging from doctor's loans to car financing.
Cons
- You must be pre-qualified before you can apply for a loan.
- The online reviews about the company are average.
- Takes time for the customer service to reply to your queries.
- They do not have 24/7 customer service.
Loan conditions
The loan amount is between ₱10,000 and ₱2,000,000, and the interest rate start at 1.5%. You can use a loan calculator to determine your monthly payments and the best interest rate to avoid defaulting. After the loan application is approved, the borrower receives credit funds in the account specified in the application or over the counter. To avoid being charged late payment fees, the client is advised to pay their debt on or before the due date. Late payments may affect their credit history. The company values its customers' convenience and offers them various loan repayment methods.
Requirements for doctor’s loan
You can apply for a doctor's loan and receive funding in as little as four hours, as long as you meet the following requirements:
- Updated PRC ID.
- At least a 3-month old bank statement.
- 1 valid ID card.
- 2 2×2 passport photographs.
- Business permit and DTI, if you are a clinic owner.
- Latest and original electricity or water bill
Requirements for car collateral loan
The requirements for the car collateral loan are.
- Any 2 government-issued valid IDs.
- Copy of latest OR/CR.
- Latest electricity and water bills. If the bills are not in the borrower's name, they must submit additional proof of residence. (Any documents under their name and with their current address).
- Tax identification number.
- Proof of income: If employed – last 3 months payslips, if a business owner – business permit, and if remittance – last 3 months proof of remittance or receipt.
Funding a loan
Global dominion financing inc. Offers individual quick loans at an interest rate as low as 1.5%. The amount of money you can borrow depends on your loan type. The company offers loans of ₱10,000 to ₱2,000,000. First, fill out an application to qualify for a loan that will help them determine the perfect solution to your financial requirements and submit it. Then, after all documentation procedures and verifications have been completed, you will be contacted by one of their loan advisors. If successful, you will be given your money at any global dominion financing inc. offices nationwide. As stated earlier, the company offers a wide variety of services like:
Doctor’s loan
This loan is specifically tailored to medical professionals, such as medical doctors. This type of loan is generally unsecured and is designed to meet doctors' special funding requirements.
Car collateral loan
This affordable secured loan product is fit for car owners who need fast cash. The only requirement is that you keep in their custody the vehicle's certificate of registration (CR) and official receipt (OR) for registration. Applicants must be Filipino citizens and be able to provide a documented source of income before applying.
Car financing loan
You can get a brand new or a used car that you have always wanted with this loan. Apply for the loan product to get assistance in paying the seller/owner of the vehicle.
Truck financing loan
You can improve your business process by getting an additional truck. Apply for truck financing and get assistance acquiring the new asset you have always wanted for your business. The requirements are the same with the car collateral loan.
