Salmon's moto loans now available in Suerte Motoplaza stores

Salmon Finance, a financial technology firm in the Philippine market, is boosting its motorcycle financing business as it rolled out in-store moto loans for Filipinos wanting to secure motorcycles.

In the photo (L to R): Sergey Golets, Head of Auto Lending of Salmon; Raffy Montemayor, Co-founder of Salmon; Vasiliy Kuznetsov, Senior Vice President for Partners and Distribution of Salmon; John Derrick Gerongay, Executive Director of Suerte Motoplaza; Reynold Gerongay, President and CEO of Suerte Motoplaza; and Ralp Moris Brondial, Head of Auto Lending Operations of Salmon

Moto loan expansion

Building on its successful launch of moto loans services through its Salmon app last year, the firm is now expanding this service on the ground with a partnership with Suerte Motoplaza, a fast-growing motorcycle dealership network in the Philippines.

As two-wheeled transport continues to grow in popularity in the Philippines, we are committed to making ownership more accessible through fast, convenient financing solutions. We’re happy to partner with Suerte Motoplaza in bringing this experience closer to customers, said Raffy Montemayor, co-founder of Salmon.

The moto loans would initially be offered in select Suerte Motoplaza branches across Metro Manila.

More stores across the country are expected to be covered by the service.

As it seeks to streamline loan processing, Salmon Finance said the entire process would be conducted digitally—from application to loan repayment.

Decisions on applications would be made within 60 seconds.