Who is Direct Lending?

Who is Direct Lending?

Direct Lending founded in 2016 as a digital financing marketplace which enables borrowers to find, apply and receive financing that best suits them in a safe and affordable manner. It obtained a credit community (moneylending) license from Ministry of Housing and Local Government (KPKT) in 2021.
In March 2022, it launched the Shariah-compliant financing for car owners to pay for their car repairs or service through installment plan.

    • Related Articles

    • What is this partnership between MyAssist and Direct Lending about?

      MyAssist has partnered with Direct Lending to offer this Auto Service Financing, where MyAssist’s users are able to pay for their car repair or service bill via an instalment plan.

    • What happens next should I agree to accept the offer?

      Should you agree to proceed with this instalment plan, please simply reply to Direct Lending’s WhatsApp or inform MyAssist. A checkout link will be sent to your WhatsApp to complete the online checkout process (see next question for more information) ...

    • What if I fully settle the financing before its maturity?

      You can make an early settlement before the expiry of the Instalment tenure, by giving 1-week prior written notice to Direct Lending. A rebate for early settlement on the remaining deferred profit may be granted to you.

    • How long does it take for the financing to get approved?

      It takes seconds to know your pre-qualified results based on your credit profile and you will be notified (via WhatsApp) by Direct Lending of your final approval result as fast as 15 minutes (during working hours) after submitting the complete ...

    • How do I pay the monthly payment plan?

      Prior to signing the financing agreement on Direct Lending’s platform, you will set up the eMandate to allow auto-debit from your bank account from a licensed financial institution in Malaysia. The monthly payment plan will be deducted from this ...