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OCBC customers can now apply and get approval for car loans within 60 seconds, following similar moves made by two other local banks. The faster approval process is made possible due to leveraging Singapore’s national data repository, MyInfo, and the bank’s…
Singaporean banks continue tapping into the growing sustainable finance market with the latest $44 million loans secured by Burmese developer Shwe Taung Group – the first in the country. Sole green loan advisor OCBC provided nearly $30 million with the…
Vietnam has tightened rules on consumer loans, requiring a progressive decline in their ratio in the coming years. Cash loans cannot exceed 70 percent of a finance company’s total loans for consumer durables starting 2021, according to a decree issued…
Lazada Philippines customers can now buy goods online and pay by installments. Called eShopaLoan, the service targets the increasing population of middle-class Filipino shoppers offering monthly installment options for purchases made via Lazada’s platform.…
DBS has issued a S$250 million ($180 million) three-year loan to real estate group City Developments Limited with interest rate discounts linked to the firm’s sustainability-related performance. The loan will be used for general working capital and corporate…
If you are in urgent need of money, a personal loan is the way to go. Compared to credit card finance, etc, personal finance is the best option to go for. Personal finance will provide you with a higher finance amount, longer repayment tenure, lower interest…
The bank is on a recruitment spree in Hong Kong and Singapore as it hopes to increase its private banking assets by 50 percent to $100 million in the next three to five years. The U.K.-based bank will be hiring 30 to 40 private bankers per year in Hong Kong…
Newly elected Papua New Guinea Prime Minister James Marape announced the launch of a full investigation to confirm if the government had violated its own rules regarding a 1.2 billion Australian dollar UBS loan. The Swiss bank extended the loan (now valued at…
The export financing sustainability-linked loan is the first of its kind in Indonesia. DBS Bank Indonesia has signed a sustainability-linked export financing loan with wooden door manufacturer PT Sumatera Timberindo Industry (STI), the bank said in a press…
Vietnamese banks are struggling to recover overdue car loans since many customers mortgage vehicles bought using bank loans. Dao Minh Tuan, manager of the debt recovery department at private lender Vietnam International Bank (VIB), said 50 percent of…
The new digital platform, which offers lower lending rates and encourages prompt debt repayment, could compete with banks’ personal loan facilities. Singapore fintech company Credit Culture has announced the launch of its moneylending platform, making it the…
Ms. Saranya Pipoppinyo (middle), Vice President of Marketing at AEON Thana Sinsap (Thailand) Public Company Limited, together with Ms. Lapatlada Ruetivarangkoon (left), Vice President and Mr. Anirut Srirungthum (right), Vice President Business Development of…
The Asian Development Bank will lend Vietnam $188 million to upgrade roads towards improving connectivity in northwestern provinces. Under an agreement signed by ADB and the Ministry of Finance Tuesday, the loan will be used to upgrade of 198 kilometers of…
Indonesian peer-to-peer lending platform KoinWorks said in a statement on Monday that it has received an investment from US-based venture capital firm Quona Capital. “We’re very happy we could collaborate with Quona as one of our investors,” said Benedicto…
The State Bank of Vietnam targets credit growth of 14 percent this year, the same as last year. The focus of new loans would be priority sectors such as manufacturing, agriculture and small and medium enterprises, Nguyen Thi Hong, Deputy Governor of the…
As a result, she faces constant harassment by debt collectors who call her, wait outside her home, and even go as far as contacting her parents, family members, friends and acquaintances. “I was not expecting these fintech firms to subject their customers to…
