Hyundai Capital Lowers Installment Loan Interest Rates by 0.7 Percentage Points

New Installment Program Launched in Line with Extension of Special Consumption Tax Reduction

[Asia Economy Reporter Ki Ha-young] Hyundai Capital announced on the 8th that it will carry out various financial promotions to reduce the burden of vehicle purchases by lowering installment product interest rates by 0.7 percentage points.

First, in line with the extension of the individual consumption tax reduction, Hyundai Capital is introducing a new 'Hyundai Mobility Installment' program that lowers the interest burden for individual customers. The Hyundai Mobility Installment program allows customers who use the recently launched Hyundai Mobility Card from Hyundai Card and pay a down payment of 10% or more to enjoy a low interest rate of 2.7% for up to 60 months. By using the digital process, customers can receive an additional 0.1% interest rate discount. For example, if you use this program to purchase Hyundai's mid-to-large sedan Grandeur (vehicle price 33.03 million KRW), you can save 550,000 KRW (based on 5 years) compared to the existing new car installment program.

Hyundai Capital offers a low interest rate benefit of 1.8% for up to 60 months during June for popular Hyundai models (Grandeur, Sonata 2020 model).

There are also interest rate benefits for Kia customers. For the entire month of June, Kia customers who pay a 10% down payment with the Kia Members Card on all Kia models can receive a low interest rate of 2.2% for 36-month installments and 3.7% for 60-month installments. Using the digital process provides an additional 0.1% interest rate discount.

For customers purchasing Morning, Sportage, K5, and Stinger models, the '0·1·2·3 Countdown Installment' program is introduced. Customers who purchase these vehicles, pay a 10% down payment with Hyundai Card, and use the digital process can benefit from 0% interest for 24 months, 1% for 36 months, 2% for 48 months, and 3% for 60 months, significantly reducing the burden of vehicle purchases.

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