Asialink Finance Corporation (AFC), one of the country’s leading financing institutions, has officially renewed its partnership with Carmudi Philippines, a leading automotive marketplace in the country. Through this, AFC is reinforcing its collaborative efforts to expand and streamline auto financing and vehicle marketplace services nationwide.
Under the renewed contract, AFC and Carmudi Philippines will continue integrating their services to enhance the vehicle marketplace and streamline auto financing for Filipino car owners. Since partnering in 2021, they have financed over 1,807 vehicles nationwide, with loan applications through Carmudi Philippines growing by 16% average growth rate year-on-year. This extended collaboration reflects both organizations’ confidence in the country’s auto financing sector and their shared goal to set higher standards in trust, accessibility, and innovation.
Through this partnership, Asialink is taking big steps to make vehicle ownership more accessible, aiming to finance 5,557 vehicles and expand its auto loan portfolio by around 208% through enhanced digital channels and more inclusive loan programs for first-time car buyers and MSMEs across the Philippines.
“Our continued partnership with Carmudi allows us to strengthen our role in empowering more Filipinos to own vehicles and support their livelihoods,” said Samuel Cariño, President and CEO of Asialink Finance Corporation. “By combining Asialink’s financing expertise with Carmudi’s digital marketplace reach, we’re creating simpler, faster, and more inclusive ways for customers to access mobility and financial opportunities.”
