What do you know about asialink group of companies?
Asialink Finance Corporation is one of the leading and fastest-growing finance companies in the Philippines. The company was established in June 1997 when a group of enterprising executives ventured into the consumer financing business with only three million pesos in capitalization.
Who is the owner of Asialink?
It was initially engaged in the booming business of Appliance Group Financing (AGP). However, the Asian financial crisis allowed Mr. Robert B. Jordan Jr., now the CEO, to redirect the company on providing short-term loans to businessmen, doctors, and professionals.
Is asialink a bank?
In The Philippines! Since 1997, Asialink Finance Corporation has established itself as the premier online financing company in the Philippines.
What is the interest rate in asialink?
1.5%
Here at Asialink, we can aid in your finances with just an interest rate of as low as 1.5% You can enjoy the use of your vehicle either for personal or business use. Apply for our loans easily by going to our physical branches nationwide or submitting your application online.
Can second hand car be financed?
Yes, you can get a car loan to purchase to a used or a pre-owned car. This is because basis the credit profile of the loan applicant, the loan amount, interest rate and repayment tenure available on personal loan might very well beat those available in the form of used car loans.
What is a good interest rate used car?
The average interest rate for someone with good credit is between 3% to 6%. Someone with bad credit can expect an interest rate of 6.5% to 15.9%, depending on how low the credit score is.
What is the maximum term for a used car loan?
There’s no right or wrong length to finance a used car. The loan term that’s right for you can be as short as 24 months or as long as 84 months – it all comes down to your current financial situation and future plans for the vehicle.
Can I get a loan on an old car?
Typically, a bank won’t finance any vehicle older than 10 years, even if you have good credit. If you don’t have great credit, you may find it difficult to finance through a bank, even for a new car. But, banks are far from the last option when it comes to auto lending.
How do you check a second hand car engine?
The hose pipe connected to the engine should be soft. Check the same by pressing it gently when the car is cold and not running. Make sure that the pipe is not hard and it doesn’t have any cracks on the outside. Extensive running of the engine and rough usage could have led to wear and tear.
How much do you have to make to afford a 50k car?
On a $50,000 salary, it is recommended you don’t spend more than $5,000 (10%) on a car. Dave Ramsey recommends spending no more than half your gross annual income ($50k) on a new car. However, the cost of a car really includes purchase price, opportunity cost of investments, or loan interest.