Car Loan Takeout: Switch Lenders Without Hassle
Lower your monthly payments or get extra cash by transferring your existing car loan to SAFC. Enjoy competitive rates, fast approval, and a smooth car loan takeout process—without giving up your vehicle.
Why Choose SAFC Car Loan Takeout?
At South Asialink Finance Corporation (SAFC), we understand that many Filipino car owners want better loan terms, lower interest, or additional cash, but feel stuck with their current lender. Our car loan takeout solution is designed to help you move your existing car loan to SAFC safely and conveniently, with clear terms and fast processing.
Here’s why borrowers choose SAFC for car loan takeout:
Competitive Interest Rates
We offer flexible and competitive rates designed to help reduce your monthly amortization or improve your overall loan terms compared to your existing lender.
Fast Loan Approval
No long waiting times. Our streamlined process allows for quick evaluation and approval, so you can switch to SAFC without unnecessary delays.
Transparent & Straightforward Process
No hidden charges. We clearly explain fees, terms, and requirements—so you know exactly what to expect from start to finish.
Who Is This Car Loan Takeout For?
A car loan takeout is ideal for borrowers who already have an existing auto loan and want better financial flexibility.
Car Owners with Existing Auto Loans
If you currently have a car loan with another bank or financing company and want improved terms, SAFC can help.
Borrowers Seeking Lower Monthly Payments
Perfect for breadwinners who want to secure a comfortable and permanent place for their family.
Business Owners Using Vehicles for Work
For couples taking their first big step—building a strong foundation for their new life together.
Common Uses of Car Loan Takeout
Lowering Interest and Monthly Amortization
Switch from high-interest loans to more favorable terms.
Emergency Expenses
Access funds for urgent personal or family needs without selling your car.
Business Working Capital
Use potential excess funds to support daily operations or business expansion.
Paying Off High Fees from Current Lender
Move away from lenders with strict penalties or unfavorable charges by transferring your loan to a more transparent and flexible provider.
Debt Consolidation
Simplify finances by replacing an existing auto loan with a better-structured repayment plan under one lender.
Improving Loan Flexibility
Adjust your loan tenor or payment structure to better match your current income and cash flow.
Eligible Vehicle Types
Passenger Vehicles
Sedans, hatchbacks, SUVs, and MPVs
Commercial Vehicles
Vans, pick-up trucks, and light delivery vehicles
Business-Use Vehicles
Units used for logistics, transport, or service operations
Car Loan Takeout Eligibility Requirements
Our requirements are designed to be simple and borrower-friendly.
Borrower’s Basic Qualifications
- Must be a Filipino citizen
- 21 – 60 years old
- With a stable source of income
- With a working mobile number or landline
Primary Documents (Required)
- Valid government-issued ID (borrower & co-borrower if applicable)
- Updated OR/CR
- Existing loan details and payment history
- Latest statement of account from current lender
Additional Documents (Proof of Income)
For Locally Employed Individuals:
- Latest Certificate of Employment (COE).
- Company ID.
- Three (3) Latest Payslips or Payroll ATM (Bank Statement).
For Self-Employed Individuals:
- Latest Business Permit.
- DTI/SEC Registration.
- Three (3) Months Latest Bank Statements.
For Employed Overseas (OFWs) / Receiving Remittances:
- Contract of Employment.
- Proof of Remittance or Allotment.
- VISA or E-Receipt (For OFWs).
- Seaman’s Book (For Seamen).
Don’t Meet All the Requirements?
Our team can help you find alternative solutions. Co-borrowers, guarantors, or collateral arrangements may help strengthen your application.
How SAFC’s Car Loan Takeout Works
We’ve simplified the car loan takeout process into 3 easy steps:
01
Submit Application
Visit your nearest SAFC branch or fill out the Application Form and email it to your chosen branch. Prepare the basic documents needed. Our product experts are ready to guide you every step of the way!
02
Vehicle Appraisal & Loan Approval
We assess your vehicle’s value and review your existing loan. Once evaluated, we’ll provide a loan offer and approval—fast and transparent.
03
Loan Takeout & Release
SAFC settles your existing car loan with your current lender. Any excess amount (if applicable) is released to you. You continue using your car while repaying under your new SAFC loan terms.
Service Coverage
We are proud to offer our car loan takeout service across the Philippines. Whether you’re in Metro Manila, Cavite, Laguna, Bulacan, or other provinces, we are here to help you get the funding you need. Our extensive coverage ensures that you can access our services no matter where you are.
Ready to Switch Your Car Loan to SAFC?
Improve your loan terms, reduce monthly payments, or access extra funds—without losing your vehicle. Apply for a Car Loan Takeout with SAFC today and experience a smoother, more borrower-friendly financing solution.