Direct Lending, a Malaysian digital lending platform, has on Thursday announced its partnership with Malaysian automotive firm Tan Chong Motor Holdings Berhad, to introduce a Shariah-compliant, fully digital auto service financing plan at their Nissan Service Centers nationwide.

The duo said in a statement that to kick-start this initiative, Direct Lending services will be made available at 10 selected Tan Chong’s Nissan Service Centers.

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

In line with its commitment to providing Nissan car owners a seamless experience at their service centers, Tan Chong customers can now have their financial eligibility checked and documents validated via the online platform with immediate financing secured compared to traditional financing options.

“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,

“We hope that by presenting a more inclusive and user-friendly option for Malaysians, we will enhance their overall vehicle ownership journey and ensure a safer driving experience for all,” said Hui Yik Seong, Founder of Direct Lending.

Daniel Ho Wai Ming, Group Chief Executive Officer of Tan Chong, said that by partnering with Direct Lending, they can ensure that their customers have the financial flexibility to maintain their vehicles in optimal condition, hence contributing to a safer drive.

It is noted that Direct Lending’s car service instalment plan is a Shariah-compliant financing facility fully endorsed by Amanie Advisors, a global Islamic Finance Advisory firm.

As of 2023, the company has conducted over 130,000 financing eligibility evaluations.

Malaysian automaker Proton opens R&D facility in China

link