신한 마이카 중고차대출Money-making car information
Do I need to get driver’s insurance?
Review of how to sign up for cheap car insurance
7 ways to buy a used car well
There are three types. Let’s look at them one by one.
Shinhan My Car Used Car Loan is a product provided by Shinhan Bank and is a service that allows you to borrow the funds needed to purchase a used car. This product allows you to obtain a loan from a financial institution when purchasing a used car.
Go to My Car Loan website
Those eligible for a loan are customers who have signed a used car purchase contract with an automobile dealer, have passed the Seoul Guarantee Insurance eligibility screening, are 19 years of age or older, and can provide proof of occupation and income.
Direct transactions between individuals can only be handled through transactions brokered by trading companies, etc., and loans are not available for transactions between individuals.
Up to 40 million won is available for used cars within your annual income range.
A year is considered to have 365 days (366 days in leap years) and is calculated in units of 1 day.
Payment period: Set an interest payment date and pay interest at regular intervals (monthly, etc.). Interest and principal payments can be made through internet banking, etc. on holidays.
Used car 1~5 years (no grace period)
Repayment of principal in installments (up to 5 years for used cars)
Go to My Car Loan website
Shinhan My Car Used Car Conversion Loan is a service provided by Shinhan Bank that allows customers to convert their existing car purchase loan from another financial institution to a loan from Shinhan Bank. This product allows loans of up to 40 million won, and can be used for up to 5 years by repaying the principal in installments.
Go to My Car Conversion Loan website
Customers who are 19 years of age or older and can provide proof of occupation and income who have passed the eligibility screening of Seoul Guarantee Insurance who wish to convert car installment finance (purchase funds) from other financial institutions (excluding banks)
Used car up to 5 years
Repayment of principal in installments
There is a penalty for early repayment
Go to My Car Conversion Loan website
This is a used car installment loan with no intermediary fees. There are Shinhan Tops Club benefits. Preferential interest rates of 0.5% for Premier, 0.3% for Ace, 0.2% for Best, and 0.1% for Classic are applied.
Go to Shinhan Card Installment Loan
Minimum 1 million won ~ limit amount or vehicle purchase price
Lowest annual 7.3% ~ Highest annual 19.6%
6~60 months (equal repayment of principal and interest)
Above, we learned about Shinhan MyCar loan. Please check the Shinhan Bank website for more details.
