OneLot is a digital auto financier providing short-term loans for used car dealers in the Philippines. Our vision is to empower dealers to expand their inventory, increase sales, and facilitate smoother business operations through tailored financial solutions.

OneLot offers collateralized short term loans to used car dealers, allowing them to leverage their inventory for growth. We differ from services such as AsiaLink and Global Dominion, since our financing options are for car dealers themselves, not the customers of car dealers.

No, OneLot is not a traditional bank. We are a dedicated financial institution that understands the unique requirements of used car dealers and offers short-term collateralized lending solutions to address their working capital needs. OneLot Financing Corporation is a duly registered corporate entity and is regulated by the Securities and Exchange Commission (SEC).

Clients must comply with our requirements to submit relevant information such as business details, IDs, bank statements, and details of the car(s) they wish to collateralize. Eligibility criteria include being BIR-registered, operating in the secondhand car market in the Philippines for at least 1 year, and being based in Metro Manila (NCR).

OneLot offers monthly interest rates that can range from as low as 1.5%. Once onboarded, your interest rate offer will become active, and that rate will be applied to each approved loan request from that point on (until your rate is updated). OneLot utilizes daily accrual calculations on all loans to ensure our customers only pay the interest for the time the loan is outstanding.

Documents required for the application process include a primary valid ID, bank statement for the last 3-6 months, official/acknowledgment receipts of your past 3-6 months sales, and OR/CRs of your car fleet. Ready to get started? [Click here](https://docs.google.com/forms/d/e/1FAIpQLScYSBa-LYjGZ4Tsz0vyEBYEgc2yL5LK3dIaYv_zWJ_xsl_D-w/viewform?pli=1)

Yes, each OneLot loan is tied to a specific car asset where the car’s original OR/CR and Deed of Sale serve as collateral. These must be collected by OneLot before loan disbursement. Upon full payment of the loan, all documents will be released within the day.

OneLot requires an Absolute Deed of Sale between the dealer and seller (previous owner) for the vehicle in question in order to finance the loan request. Deed of Sale must include transaction details, car details, and seller information.

Financing does not have to be difficult. In OneLot, you just need to do the following: 1. Create your account by submitting details [here](https://docs.google.com/forms/d/e/1FAIpQLScYSBa-LYjGZ4Tsz0vyEBYEgc2yL5LK3dIaYv_zWJ_xsl_D-w/viewform?pli=1) 2. Request for a loan after successful onboarding.

Get your loan approved amount within the same day of your loan request with our three-step loan process: 1. Pre-approval of loan by providing your car details 2. Car inspection and appraisal through physical assessment of OneLot 3. Receive money after document handover

After loan application approval and documents collection, OneLot team will disburse the money to the dealer’s account immediately. This disbursal transaction is subject to standard operating hour cut offs. For transfers completed before 3PM on weekdays, the client will receive the funds in the account the same day, otherwise they will be received the next business day.

We finance all cars except Luxury brand cars, Encumbered, More than 10 years old, and Driven more than 100,000 kms. All cars will go through a physical assessment by the OneLot team.

Our office is located at SocialDesk Tower (102 H.V. Dela Costa, Makati, 1227). We encourage prospective partners to schedule a visit to our office, meet our team, and understand how we can assist their business.

OneLot offers flexibility options for all our dealers to ensure we don’t disrupt your business. All loans are offered a standard 60-day term, with an option to extend to an additional 30 days should you need more time.

OneLot believes in finding mutually beneficial solutions and encourages all our dealers facing financial difficulties to communicate with us. We offer an additional one-time 30-day extension for free. Furthermore, we also provide restructuring options for all loans after your 30-day extension request as needed.

Data security is paramount at OneLot. We employ state-of-the-art encryption techniques, adhere to strict data protection regulations, and constantly monitor our systems to guarantee that the information of our dealer partners remains confidential and secure.

OneLot offers a monthly repayment schedule for 90 days. Interest is payable monthly, while principal is payable at the end of the loan. This allows us to extend rebates for days the dealer has not utilized from its loan.

Repayment flexibility is one of our cornerstones. Whether it's through post-dated checks, bank transfers, or other means, we work with dealers to ensure the repayment process is smooth and hassle-free.

OneLot loan size is dependent on the dealer’s credit profile, the comprehensiveness of their submitted information, and their loan history with us. There is not a one-size-fits-all, but instead, we assess it based on the dealer’s creditworthiness to ensure a beneficial partnership with us.

Yes, it is possible. We understand that a dealer's needs can be multifaceted, so as long as the cumulative loan amount doesn't exceed the approved credit limit and the dealer maintains a strong repayment record, multiple loans are feasible.