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At the event where HLF received the “Best Automobile Financing Product” award in Asia Pacific from The Asian Banker, HLF President Mr Ang Tang Chor (centre) presented tokens of appreciation to valued partners for their strong collaboration and support, which contributed to HLF’s success. (Pictured from left) Mr Jeffrey Toh, SVP (Corporate & Consumer Business); Dr Henrik Dreier, Director, Porsche Asia Pacific; Ms Charmaine Ong, General Manager, Finance & Insurance, Performance Motors Limited (representing Sime Singapore); Ms Ong Lay Ling, Group CEO, Eurokars Group; Mr Eric Tong, Sales and Distribution Director (representing Inchcape); and Mr Patrick Tan, Head of Secured Lending.

Hong Leong
Finance
Awarded Best
Automobile
Financing Product
In Asia Pacific
By The
Asian Banker

Hong Leong Finance’s (HLF) game-changing digital platform for vehicle loans has been awarded “Best Automobile Financing Product” in Asia Pacific at The Asian Banker (TAB) Global Excellence in Retail Finance Awards 2025.

HLF is recognised for pioneering digital solutions that streamline financing processes and reinforce its leading position in the market. Its digital platform has transformed the automobile financing journey through seamless system connectivity with major car dealerships. These dealers collectively distribute cars from brands such as BMW, BYD, Lexus, Mazda, Porsche, Skoda, Suzuki, Toyota and Volkswagen.

By eliminating inefficiencies in manual processes, the digital platform automates workflows, reduces processing time and errors, and has achieved a remarkable increase in vehicle loans from digital applications.
 
HLF’s strategic partnerships with leading car dealers have strengthened its market penetration, enabling a significant over 300% increase in vehicle loans processed digitally from S$99 million in 2023 to S$400 million in 2024.

HLF has also demonstrated industry leadership in electric vehicle (EV) financing, supporting Singapore’s electrification objectives while driving the company’s business growth. HLF has gained an early advantage in the EV loan market as car dealers that already used the company’s digital platform began to distribute EVs. In 2024, HLF onboarded S$314 million in new EV loans, up over 300% from the S$73 million achieved in 2023.

In addition to The Asian Banker award, HLF’s digital platform for vehicle loans has also won the Singapore Business Review (SBR) Technology Excellence Awards 2025 for leveraging digital innovations that drive business growth and push technology boundaries.


Gracing the event was Ms Jeanne Low, Board of Director (pictured here fifth from left). (Also pictured here from left) Ms Peh Guat Hong, EVP (Corporate & Consumer Business); Ms Joan Yeo, CFO; Ms Lim Siew Lee, SVP (Legal & Compliance); Mr Jeffrey Toh, SVP (Corporate & Consumer Business); Mr Ang Tang Chor, President; Mr Au Siew Wye, SVP (Credit Control & Corporate Finance); Ms Pauline Tan, EVP (Operations); Mr Sia Nam Chie, EVP (Audit); and Mr Chris Tan, SVP (Risk Management).
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