Manila, May 1 -- Asialink Finance Corporation, known for lending to small and medium enterprises, is diversifying into real estate lending, offering quick processing and low interest rates to individuals and small and medium enterprises (SMEs).

In a statement Thursday, Asialink said it is offering three types of lending under this move namely Sangla Titulo (loan using land title as collateral ), take-out of housing units, and acquisition of property.

Under Sangla Titulo, a business entity can borrow up to PHP20 million and offer property as collateral. The interest rate is 0.8 percent if up to five years, plus a one-time 5.5 percent as service fee.

For the take-out of housing units, Asialink advances the full payment for the property o...