Step-by-Step Guide to Applying for an OR/CR Loan
By Arvin
Posted on Jan 24, 2026
Buying a car is exciting—but when you need extra cash for emergencies, repairs, or bills, an OR/CR loan can help. By using your vehicle’s Official Receipt (OR) and Certificate of Registration (CR) as collateral, you can get fast funds while still keeping your car.
How to Apply for a Sangla OR CR Loan
Here’s a simple step-by-step guide to help you understand how the OR/CR loan process works.
- Choose a Reputable Lender
Start by selecting a trusted Sangla OR/CR lender. Compare interest rates, loan terms, and conditions. With Vigattin Insurance, you can access a network of legitimate and competitive lenders with ease. - Prepare the Required Documents
You will need:
- Original OR (Official Receipt)
- Original CR (Certificate of Registration)
- Valid government-issued ID
- Proof of address (e.g., utility bill)
- Proof of income (e.g., payslip or bank statement)
These documents confirm vehicle ownership and repayment capacity.
- Submit Your Application
Submit the completed application form along with the required documents, either online or in person, depending on the lender. - Evaluation and Approval
The lender verifies the documents and assesses the vehicle’s value based on the OR/CR. This process may take a few hours to a few days. Once approved, loan details are shared. - Loan Release
After agreeing to the terms, the loan is released via cash or bank transfer. You can continue using your vehicle while the lender holds the OR/CR as collateral until full payment.
Final Thoughts
Owning a car is a dream, and a car loan makes it achievable without financial stress. Stay prepared, maintain a good credit score, and review your loan agreement carefully.
With Vigattin Insurance, you’re connected to trusted lenders, making the process safe, transparent, and hassle-free.