신한마이카 중고차 대출car information that makes money
Do I really 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.
My Car Used Car Loan is a product obtained from a financial institution when purchasing a used car.
Go to My Car Loan website
Those eligible for the 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
My Car Used Car Conversion Loan is a product that allows you to convert a car purchase loan from a financial institution other than a bank to Shinhan Bank’s My Car loan.
Go to My Car Conversion Loan website
Customers who are 19 years of age or older and have proof of occupation and income who have passed the eligibility screening of Seoul Guarantee Insurance who wish to convert car installment financing (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.
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.
