Hong Leong Finance (HLF) has once again been lauded as the top finance company in the region. The Singapore-listed firm was named ‘ASEAN Finance Company of the Year’ for the sixth consecutive year at the 2019 Asian Banking and Finance Awards.

HLF also picked up the ‘Mortgage and Home Loan Product of the Year - Singapore’ for its SME Property Loan programme.

Launched last year in December 2018, the SME Property Loan was the first of its kind in the market that offers 6-monthly tiered rates compared to the market offers of annual tiered rates. With more frequent but smaller rate increase each time, the SME Property Loan helps SMEs to manage their budget better.

Comprising a Property Loan and an Unsecured Loan, the SME Property Loan also allows SMEs to gear up to 110% of the property value versus 80% for a typical Property Loan. The bundled Unsecured Loan interest rate is substantially lower than that of a standalone Unsecured Loan. SMEs taking up SME Property Loan enjoy improved cashflow with higher loan and at attractive rates.

Currently in its 14th year, the Asian Banking and Finance Awards is organised by the Charlton Media Group, publisher of business media such as Singapore Business Review and Investment Asia. The awards recognises top banks, finance companies and insurance firms that stand out with ground-breaking products and services amidst the challenges the finance sector is facing.