Hana Capital Launches Non-Face-to-Face New Car Loan '1Q Direct Auto Loan'

[Asia Economy Reporter Ki Ha-young] Hana Capital announced on the 4th that it has launched the '1Q Direct Auto Loan,' a non-face-to-face direct new car purchase loan product reflecting the untact consumption trend caused by the COVID-19 pandemic.

The 1Q Direct Auto Loan is a non-face-to-face direct product that allows customers purchasing a new car to receive a vehicle purchase loan with only an ID card, without visiting a branch, filling out loan documents, or setting a mortgage on the vehicle.

In particular, by applying an integrated limit system incorporating machine learning technology, customers can check the loan limit simply by selecting the vehicle they want to purchase, and receive the loan immediately through electronic contracts without separate paperwork. Also, there is no mortgage registration on the purchased vehicle.

Loan limits can be checked through Hana Capital's mobile website or application (app), and the loan amount can be up to 100% of the vehicle price. The loan period is up to 72 months, with a direct preferential interest rate benefit starting from an annual rate of 3.9%.

A Hana Capital official said, "In the future, we plan to utilize the Hana Dream Car channel so that customers can use the 1Q Direct Auto Loan more easily and conveniently."

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