AsiaLink Business Loan Requirements

About Asialink Finance Corporation

Asialink Finance Corporation was established in 1997 as a consumer financing business and has since grown and offered different financing products such as OFW and Seafarer personal loans, vehicle and truck mortgages, clean and secured business loans, and consumer loans such as 2nd Hand Car and Truck Financing are all available.

Asialink’s business loan products are more specifically catered to businesses who need an auto loan to support their business operations. 

Asialink Business Loan

Asialink does not have specific business loan products but offers business-like loan products in the form of auto loans which can be used both for personal and business needs. For example, borrowers who wish to improve the mode of transport or delivery of their business can choose a truck, multicab, or motorcycle loan. Others who are in the transport business may buy multiple units of cars or tricycles through a car or tricycle loan. 

AsiaLink’s Auto Loan Features

The following are the features of auto loans in the Philippines offered by AsiaLink Finance Corporation that borrowers may consider in their application: 

• Cars made from 2005 to the present are eligible for a loan
• Borrowers have a variety of options to choose from – brand new cars so borrowers can take advantage of the latest technology and features, or they can avail of used cars. 
• AsiaLink provides interest rates as low as 1.5% for car refinancing and second-hand car financing
• The only collateral borrowers have to submit at AsiaLink is the Original Receipt and Certificate of Registration

How to Avail an Auto Loan from AsiaLink

As usual, the source of income is one of the deciding factors that financing companies consider in the approval of their borrowers’ loan applications – and the same is true for AsiaLink. The only difference is that AsiaLink provides many options for their borrowers to include on their application form.

For Employed Applicants 

Borrowers who work from a private company and plan to use their salary to cover their monthly payments must click “Employed.” 

For certified or licensed applicants 

The option “Own A Clinic/Practice” is only for certified or licensed applicants to operate their own clinic. Other samples also include owning a dental clinic or practicing as a Doctor of Medicine in a hospital. 

Others who receive regular payments from another party – national or international – must select “Remittance,” and if they have this, an “Allotment” can also be a source of revenue. Finally, applicants who run their own business should select “Business” provided that their company has been in operation for at least a year.

AsiaLink Business Loan Requirements

Before going through the application process, either online, via telephone, or  by visiting the nearest AsiaLink Finance Corporation branch, make sure to have these documents ready to ensure fast and hassle-free transactions: 

• Original Receipt 
• Car’s Certificate of Registration
• Proof of Income
• Car’s latest photo
• Proof of Tax Identification Number (TIN) 

Why Choose Asialink’s Business Loan

Simplified Application 

Unlike any other financing company, AsiaLink Finance Corporation provides a quick and simple application process that is accessible to all by visiting the company’s website, filling out all the required fields on the application form, and submitting the complete AsiaLink Auto Loan requirements.

Fast Approval 

Once all the documents have been completely submitted and everything is in order, borrowers get the vehicle immediately and start to use it in business operations.   

Convenient

AsiaLinks’ Best Auto Loan is one of the best loan options in the Philippines, particularly for small business owners who would like to improve their delivery process, and they can apply for it in three (3) different ways: online, via telephone, or by visiting one of AsiaLink’s more than 80 branches nationwide, along with the complete requirements for a hassle-free transaction – whatever is most convenient for them. 

Conclusion

Transportation is an essential operation for many businesses. The purchase of one requires a huge cash outlay and for many SMEs, that can mean setting aside money for the daily operations or financing the purchase of an asset through auto loans. Naturally, there are pros and cons when it comes to deciding to finance the expansion of business operations. When the pros outweigh the cons, many businesses are better off taking out a business loan and furthering the goals of the company.