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Yulon opens auto financing business

Source: Taiwantrade | Updated: 05 November 2018

YULON Group, Taiwan’s leading company in the auto industry for more than 60 years, brought in to the Philippines its auto financing business as Yulon Finance Philippines Corp. (YFP). Its parent company, Taiwan Acceptance Corp. (TAC), meanwhile, has accumulated 30 years of business practice in the financial industry.

As a vehicle financing group of Yulon Group, TAC offers financial services such as auto loan installment, leasing, corporation finance and used-car sale intermediation in Taiwan and Mainland China.

In the recent inauguration of its new office at the Curve in Bonifacio Global City, the ribbon-cutting ceremony was attended by Taguig City Mayor Lani Cayetano, Representative of the Taiwan Economic and Cultural Office in the Philippines Ambassador Michael Hsu, YFP Chairman Kuo-Hsing Hsu, YFP President Steven Hu, local bank partners and Car dealers, among others.  

TAC’s core values are sincerity, advance, value and efficiency (SAVE). The company is committed to providing financial solutions and convenience that the customers desire. Whether it’s an individual in need of vehicle financing, or a company that is looking for financial plan for equipment, with the connections between TAC and holding companies, YFP is confident that its service and solutions would be the best choice.

Moreover, YFP will launch a mobile-phone application for dealers and salesmen to enhance loan efficiency. Through smartphones, loan applications and credit advice, processing will be easier for both salesmen and managers.  

All it takes is to submit the process through the app in order to fast-track loan processes and conclude transactions. When asked about how many days are they targeting to reduce the loan approval and release, Hu stated that they are looking at achieving a same-day approval and release of loans.

Source: Business Mirror
Rita Chen (rita.chen@taitra.org.tw)


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