"Lowest Annual 2.89%, Reduce Financial Costs with Shinhan MyCar"

Shinhan Bank Launches "Change to My Car in the Year of the Ox" Event

[Asia Economy Reporter Kwangho Lee] Shinhan Bank announced on the 9th that it will hold the 'Change to My Car in the Year of the Ox' event to reduce financial costs for customers using high-interest auto financing.

The event, which runs until the 31st of next month, offers 50,000 My Shinhan Points to customers who are currently using auto installment plans or loans from non-bank financial companies and switch their financial products to Shinhan My Car conversion loans.

Anyone with an income can apply for the Shinhan My Car conversion loan through online and offline channels such as the Shinhan mobile application (app) SOL and the Shinhan My Car website. It offers installment repayment for up to 10 years (for new cars) with a minimum annual interest rate of 2.89%.

In October last year, Shinhan Financial Group launched the integrated auto finance platform 'Shinhan My Car,' which combines Shinhan Bank's 'My Car' and Shinhan Card's 'My Auto.' On Shinhan My Car, customers can compare and select financial products suitable for purchasing new and used cars, long-term rentals, auto leases, and installment financing. It also provides automotive-related lifestyle services such as vehicle accessory shopping, vehicle maintenance and car washing, and vehicle price inquiries.

A Shinhan Bank official said, "We prepared this event to introduce low-interest My Car conversion loans to customers currently using high-interest auto financing," adding, "We hope customers enjoy many benefits, including low-interest loans and various non-financial services, on Shinhan Financial Group's integrated auto platform Shinhan My Car."

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