Hana Bank Offers Electric Vehicle Loans at Annual Interest Rates in the 2% Range in Jeju-do

[Asia Economy Reporter Kim Min-young] A loan product allowing the purchase of electric vehicles at an annual interest rate in the 2% range has been introduced in Jeju Island.

Hana Bank announced on the 26th that it has signed a financial support business agreement with Jeju Special Self-Governing Province to expand the supply of electric vehicles in Jeju.

According to this agreement, Jeju residents can receive loans at a minimum annual interest rate of 2.919% through the 'Hana Bank EV 1Q Auto Loan' when purchasing a new electric vehicle, and can also enjoy a benefit of receiving 1.2% cashback on the payment amount when paying with a Hana Card.

The loan targets Jeju residents planning to purchase electric vehicles such as passenger cars, vans, and cargo trucks (with a loading capacity of 5.0 tons or less), and support of up to 60 million KRW per vehicle is available through Hana Bank branches within the province.

Hana Bank has decided to convert its business and employee vehicles used at the Jeju Business Headquarters to electric vehicles in the future.

This content was produced with the assistance of AI translation services.