MANILA, Philippines — Safety Financial institution Corp. has partnered with on-line automotive market AutoDeal to supply Filipinos a completely digital automotive shopping for and financing expertise, streamlining the method from car choice to mortgage software.
The collaboration was formalized via a Memorandum of Settlement (MOA) signing ceremony held on Might 21 on the Safety Financial institution Heart in Makati Metropolis.
Bringing collectively AutoDeal’s sturdy car search and vendor community with Safety Financial institution’s quick and versatile auto mortgage providers, the partnership guarantees a one-stop digital platform for automotive consumers.
Clients can now browse autos, request vendor quotations and apply for an auto mortgage all from the AutoDeal web site or cell app.
“At Safety Financial institution, we’re all the time in search of new methods to enhance our clients’ experiences, Paz Gonzalez, senior vp and head of secured lending at Safety Financial institution, stated.
“This partnership with AutoDeal will allow us to deliver our BetterBanking service on to automotive consumers by combining the energy of our Auto Mortgage merchandise with the comfort of a digital automotive market,” Gonzalez stated.
AutoDeal co-founder Christopher Franks stated the tie-up displays their shared dedication to creating the automotive shopping for course of extra seamless and accessible for Filipinos.
“We’ve all the time believed in empowering shoppers with higher decisions and better comfort,” Franks stated. “By integrating financing choices immediately into our platform, we’re serving to automotive consumers take another step towards finishing their journey fully on-line,” he stated.
The launch comes because the Philippine auto mortgage market good points momentum, with car mortgage development rising by 18.8 p.c year-on-year as of end-March and automotive gross sales climbing by seven p.c within the first quarter.
With rates of interest projected to say no additional this yr, the brand new partnership is predicted to drive much more demand from shoppers in search of inexpensive and handy automotive possession options.