Asialink ventures into real estate lending

Asialink Finance Corporation, long known for supporting small and medium enterprises (SMEs), has expanded into real estate lending, offering fast processing times and competitive interest rates for individuals and businesses.

In a statement last week, the company introduced three real estate loan options: Sangla Titulo, take-out of housing units, and property acquisition.

Under Sangla Titulo, borrowers can take out loans of up to P20 million by using property titles as collateral. These loans carry a monthly interest rate of 0.8% for terms up to five years, plus a one-time service fee of 5.5%.

The take-out of housing units program allows Asialink to pay for properties upfront on behalf of borrowers, using the same interest structure as Sangla Titulo. According to the company, its release time is significantly quicker than traditional bank loan processing.

For property acquisition, Asialink offers up to P15 million in loans. Borrowers pay 0.9% monthly interest for loans up to five years, and 1% for terms extending to 10 years.

“Our sustained and astronomical growth in the past few years has attracted the flow of foreign funds as well as local financing that now allows us to go into new opportunities such as real estate,” said Sam Cariño, President and CEO of Asialink Finance Corporation.

Asialink’s foray into real estate was made possible through capital infusions from major institutional investors such as the International Finance Corporation, Asian Development Bank, and private equity firm Creador.