NON-COLLATERAL LOANS AND COLLATERAL LOANS
Mood:
energetic
Now Playing: INITIAL GUIDELINES AND REQUIREMENTS
Topic: FASH CASH
Asialink Finance Corporation offers an array of products both collateral and non collateral loans with low requirements and affordable rates.
Collateral loans have guarantee (whether vehicle or property) in exchange for the money that we will finance you. Asialink Finance Corporation only holds the Original Receipt / Certificate of Registration (OR/CR) as collateral for vehicles and The Original Transfer Certificate Title for Property/Real-estate.
Non-collateral loans have no guarantee. We will require the client to provide a co-borrower or a co-maker who will join signatories in the issuance of Post Dated Checks (PDC). The PDC is your mode of payment to the company. Non-collateral loans are Doctor’s Loan, Business Loan, Salary Loan, OFW and Seaman Loan, Beneficiary and Allotee Loan, Franchising Loan, and Appliance Loan.
The interests for all products are “add-on” and are effective on a monthly basis. Example: 2% per month is multiplied by the loan terms. All of our products have a processing fee which is deductible to your loanable amount. The processing fee is different for every product.
Loan amortizations are paid through your post-dated-check where you will issue to us upon the release of your loan. This will serve as our security of payment from you. You will have to maintain your Checking Account for your post dated checks to be valid, otherwise, it will bounce.
In order to avail of our products and services you must be have to be:
- A Filipino Citizen
- 21 – 59 years of age at loan maturity
- For 60 years old and above, a co-borrower (59 and below years of age) is needed.
- Must have valid contact numbers.
The standard requirements for every type of loan are the following:
- Completely-filled up application form
- Latest 2x2 picture (3pcs)
- Photocopy of 2 valid IDs (Company ID, Passport, Driver’s License, SSS, etc.)
- Proof of Billing (electricity, telephone, water bills)
*Take Note: All Products have additional documentary requirements, please see the product list above.
Non-collateral Loans would require a Co-Maker or Co-borrower. The Co-Maker or Co-borrower must be an immediate relative of the applicant.
The standard requirements for a Co-Maker or Co-borrower are the following:
- A Filipino Citizen
- 21 – 59 years of age upon loan maturity
- Latest 2x2 picture (3pcs)
- Latest 2x2 picture (3pcs)
- Photocopy of 2 valid IDs (Company ID, Passport, Driver’s License, SSS, etc.)
- Proof of Billing (electricity, telephone, water bills)
- Must have a steady source of income.
Posted by mvcfinancingservice
at 11:38 PM EST
Updated: Thursday, 26 February 2009 11:43 PM EST
