Direct Lending, Tan Chong Motor To Offer Shariah-Compliant Car Service Financing

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Direct Lending, Tan Chong Motor To Offer Shariah-Compliant Car Service Financing

Digital lending platform, Direct lending, has announced a partnership with Tan Chong Motor Holdings Berhad (Tan Chong). This partnership will introduce a Shariah-compliant, fully digital auto service financing plan at their Nissan Service Centres nationwide. 

Apply for financing for your car servicing online

Tan Chong is now offering customers the ability to have their financial eligibility checked and documents validated via the online platform.

Customers can get their immediate financing secured compared to traditional financing options. This provides a new level of flexibility for customers while managing their car service and repair expenses with a repayment period of up to 12 months.

Applicants can quickly and easily secure financing in just three simple steps.

  1. Fill in their details
  2. Submit their identification card along with the last three months’ bank statements
  3. Make the first payment, set up monthly repayments and sign the financing agreement

This can all be done via smartphone.

Car service financing available at 10 Nissan Service Centres

To kick-off this initiative, Direct Lending services will be made available at 10 selected Tan  Chong’s Nissan Service Centres. This facility will eventually be expanded nationwide to all Tan  Chong’s Nissan Service Centres. 

“This partnership aims to alleviate the financial burden of vehicle maintenance — worn or damaged components can be detrimental to the car’s performance, putting drivers, passengers and other road users at risk,” said Mr Hui Yik Seong, Founder of Direct Lending.

“The safety of our customers is our highest priority. By partnering with Direct Lending, we can ensure that our customers have the financial flexibility to maintain their vehicles in optimal condition, hence contributing to a safer drive,” said Mr Daniel Ho Wai Ming, Group Chief  Executive Officer of Tan Chong.

Fully Shariah-compliant financing facility

This car service instalment plan by Direct Lending is a Shariah-compliant financing facility fully endorsed by Amanie Advisors, a leading global Islamic Finance Advisory firm, ensuring its accessibility to all.

This facility will eventually be expanded nationwide to all Tan Chong’s Nissan Service Centres.

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