In short
Real banks do run an online auto loan application. On ₱1,000,000 over 60 months, a car loan starts at ₱20,967 a month at UnionBank, one of 8 banks confirmed on this site.
- Official website for Online Quick Lending Corp
- None found
- SEC Certificate of Authority
- Not confirmed on the SEC's list of lending companies
- Any car loan product from this entity
- Not confirmed
Is Online Quick Lending Corp a real, licensed lender?
Not confirmed. No company website exists under this name or close variants of it.
The SEC's list of lending companies with a Certificate of Authority settles the question either way. Expressway.ph lists no rate, term, down payment or process for this name.
A name similar to this one may appear in search results, app stores or social media. None of those count as an official source, and a company's own claims about itself are not a substitute for an SEC record.
How to check whether an online lender is legitimate
Before applying with any online lender you cannot immediately verify, look for a Certificate of Authority number stated on its own site. Also look for an SEC Registration number there.
Then check that number against the SEC's public list of financing and lending companies. A legitimate lender states these numbers plainly, the way Tala and Home Credit both do on their own pages.
You should not have to take a lender's word for it.
4 of 4 still to check
Where to actually apply for an auto loan online
Several banks and marketplaces offer a genuine online car loan application. BPI and RCBC both take applications through their own sites.
Marketplaces like AutoDeal and Carmudi collect your documents and route them to partner banks and financing companies on your behalf. The car loan calculator compares all 8 banks for the same loan amount and term.
On a ₱1,000,000 loan over 60 months, add-on rates at the 7 that quote one currently span 25.80% to 32.52%.
A lender with no verifiable SEC record and no reachable website should not be trusted with your documents or a processing fee. This holds regardless of how fast its approval sounds.