SB Finance, Inc., a subsidiary of Security Bank, has unveiled a new loan product designed to empower car owners nearing the end of their auto loan term. The OR/CR for Cash Loan Take-Out offers a dual benefit: it pays off the remaining balance of an existing car loan and provides additional funding, using the same vehicle as collateral.
This innovative solution enables qualified borrowers to transition smoothly from financing to full ownership while unlocking extra cash for urgent needs, business ventures, or personal goals. It eliminates the need to apply for a new auto loan or sell the vehicle, offering a practical and flexible alternative.
“Customers have been telling us they want more than just credit. They want clarity and control,” said Abbie Dans-Casanova, President & CEO of SB Finance. “OR/CR for Cash Loan Take-Out does exactly that: it clears your auto loan and gives you extra cash at a time when you’ve earned back the value of your vehicle. It’s a smarter way to manage liquidity without sacrificing ownership.
This product is especially beneficial for asset-rich but cash-constrained individuals who want to avoid restarting a lengthy loan cycle. By leveraging the equity in their vehicle, customers gain financial breathing room while maintaining ownership.
The launch of OR/CR for Cash Loan Take-Out reflects SB Finance’s commitment to delivering real-world financial solutions, offering structured, transparent, and flexible credit options that help Filipinos move forward with confidence.
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