Hana Bank Launches '1Q Auto Loan' Service to Expand LPG Vehicle Adoption
On the 30th of last month, at the agreement ceremony held at Hana Financial Group Myeongdong Building in Jung-gu, Seoul, Jung Seok-hwa, Head of Retail Group at Hana Bank (left), and Lee Pil-jae, President of the Korea LPG Association, are taking a commemorative photo. Photo by Hana Bank
View original image[Asia Economy Reporter Kim Min-young] Hana Bank announced on the 1st that it has signed a business agreement with the Korea LPG Association, a corporation, to promote the distribution of eco-friendly LPG vehicles.
Hana Bank plans to participate in the activation of the government subsidy project, "Support Project for the Conversion of Children's School Vehicles to Eco-friendly Vehicles," promoted by the Ministry of Environment and the Korea LPG Association.
To this end, it supports its representative auto finance product, "1Q Auto Loan." Customers purchasing LPG school vehicles with the 1Q Auto Loan are offered a minimum annual interest rate of 2.865%, and those using the auto loan can repay the principal and interest in installments for up to 120 months, reducing the financial burden of monthly payments.
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A Hana Bank official stated, "We initiated this business agreement to alleviate the economic burden on customers purchasing eco-friendly LPG vehicles, even if only slightly."
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