Manila: Asialink Finance Corporation, known for lending to small and medium enterprises, is diversifying into real estate lending, offering quick processing and low interest rates to individuals and small and medium enterprises (SMEs).

According to Philippines News Agency, Asialink Finance Corporation announced this strategic expansion with three new lending options: Sangla Titulo, take-out of housing units, and acquisition of property.

Under the Sangla Titulo option, a business entity can borrow up to PHP20 million by using property as collateral. The interest rate for this option is 0.8 percent for terms up to five years, alongside a one-time 5.5 percent service fee. For the take-out of housing units, Asialink advances the full payment for the property on behalf of the borrower, maintaining the same interest rate as Sangla Titulo.

Asialink Finance emphasized that the release of funds through their services is faster by several months compared to traditional bank processing times. For the acquisition of property, the company offers loans of up to PHP15 million, with an interest rate of 0.9 percent per month for loans with terms of five years and below, increasing to one percent for terms up to 10 years.

Sam Cari±o, President and CEO of Asialink Finance Corporation, highlighted the company's recent growth, stating, "Our sustained and astronomical growth in the past few years has attracted the flow of foreign funds as well as local financing that now allow us to go into new opportunities such as real estate." The company has previously secured investments from the International Finance Corporation, an arm of the World Bank, Creador, a private equity fund, and financing from the Asian Development Bank, among others.