Asialink Finance Corporation in the Philippines

Asialink Finance Corporation Asialink Finance Corporation is one of the leading and fastest-growing finance companies in the Philippines. The company was established in June 1997 when a group of enterprising executives ventured into the consumer financing business with only three million pesos in capitalization. With good demand and sound credit, Asialink Finance Corporation was off […]

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Asialink Finance Corporation https://upfinance.com/app/uploads/2020/01/asialink-logo2.jpg
Suite 210 AIC Gold Tower Emerald Avenue cor Garnet Road, Ortigas Center, Pasig City 1600
(02) 8254 0175, (02) 8254 0163, Globe: 0917-847-3639, Smart: 0908-886-8780, customerservice@asialinkfinance.com.ph
Interest rate 1.2% - 4%
Loan tenure from 1 to 12 months
Approval duration Up to 3 hours
Min. monthly income1

Asialink Finance Corporation

Asialink Finance Corporation is one of the leading and fastest-growing finance companies in the Philippines.

The company was established in June 1997 when a group of enterprising executives ventured into the consumer financing business with only three million pesos in capitalization. With good demand and sound credit, Asialink Finance Corporation was off to a good start.

Today, it employs more than seven hundred personnel, thousands of independent Loan Consultants, and with over eighty branches nationwide serving the financial needs of businesses and individuals alike.

Asialink Finance Corporation offers a wide array of loan products, from personal loans for OFWs and Seafarers, car and truck mortgage, clean and secured business loans, to consumer loans like 2nd Hand Car and Truck Financing, among others.

Car loan

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Interest Rates:  1,25% – 1,3% per month
Loan amount:
Brand new: up to 80% of purchase price
Second hand: up to 70% of appraised value
Collateral: Official Receipt & Certificate of Registration (OR/CR)
Maximum car age: For second hand, car year model 2000 and above only
Payment terms: Up to 36 months
Approval time: 1 banking day
Down payment: As low as 20% of purchase price

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Seafarer’s loan

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For Seafarers about to on-board and are already on-board
Interest Rates:  From 1,75% per month
Minimum loan amount: 5 000 PHP
Maximum loan amount: 100 000 PHP
Payment terms: Up to 36 months
Approval time: 1-5 days

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Kabayan loan

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For OFW currently in and out of the country with basic salary of Php 20,000 and above per month
Interest Rates:  From 1,75% per month
Minimum loan amount: 50 000 PHP
Maximum loan amount: 500 000 PHP
Payment terms: Up to 36 months
Approval time: 1-5 days

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Business loan

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Loan with no collateral.
Interest Rates:  From 1,75% per month
Minimum loan amount: 100 000 PHP
Maximum loan amount: 10 000 000 PHP
Payment terms: Up to 36 months
Approval time: 1-5 days

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Loan Calculator

%
Monthly payment
₱ 888.49
Total overpayment
₱ 661.85
Total
₱ 10661.85

Product Features

Min. financing amount ₱1000
Max. financing amount Up to ₱500000
Min. loan tenure 1 months
Max. loan tenure 12 months
Interest rate 1.2% - 4%
Approval duration Up to 3 hours
Debt consolidation Yes

Example of calculating interest and loan payments

TERM 1 months 2 months 3 months 4 months 12 months
LOAN AMOUNT ₱250000 ₱250000 ₱250000 ₱250000 ₱250000
FEE 1.2% 1.2% 1.2% 1.2% 1.2%
INTEREST AMOUNT ₱250 ₱500 ₱750 ₱1000 ₱3000
TOTAL REPAYMENT ₱250250 ₱250500 ₱250750 ₱251000 ₱253000

Other Requirements

Need to open linked banked account? Yes

FAQ

The difference in document requirements. For a sailor it is usually required:
• employment contract approved by POEA (with date);
• passport, SRC / service note, seaman’s book;
• The latest placement agreement. Certificate of registration of a seaman’s passport
• Certificate of foreign activity (regardless of whether the seafarer is on land or at sea).

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The maximum amount depends on their income , most often Asialink provide Seafarer’s loan for an amount not exceeding 100 000 PHP.

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Yes, many financial institutions provide loans to those who have not yet begun work, but who already have the approval of the employer.

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The minimum down payment for a new car is 20% of purchase price, for a used car – 30% of purchase price.

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Payment terms – up to 36 months.

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No, the car is your property from the moment of purchase, but remains the bank’s guarantee for the loan period. This means that you cannot sell the car, and you also have to pay for car insurance so that the bank can receive its money in any case.

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Documents confirming income and identification are the main requirements for obtaining a car loan.
Application form with filled in fields.
Copy of Passport or any ID ( SSS ID, Driver’s License, Voter’s ID)
Working borrowers must submit documents: certificates from the place of work or COE, a copy of payslip for 2 months, income tax return from BIR or ITR within 1 year.
Self-employed applicants must submit documents: a copy of the ITR with THE bir stamp , a copy of registration with the DTI or SEC, and a copy of financial statements for a period of at least 2 years .
After buying a car, you need to pay for insurance.

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Initial registration is usually done by agents, so you get a copy of OR / CR. You must remember that the initial registration is valid for 3 years, so after that you need to renew it annually in LTO.

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Yes, we issue car loans for the purchase of cars manufactured in 2000 and above only.

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Yes, we give out car loans for trucks of any year.

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Contacts

Full company name Asialink Finance Corporation
Address Suite 210 AIC Gold Tower Emerald Avenue cor Garnet Road, Ortigas Center, Pasig City 1600
Phone number (02) 8254 0175, (02) 8254 0163, Globe: 0917-847-3639, Smart: 0908-886-8780
E-mail customerservice@asialinkfinance.com.ph
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