Hyundai Capital Lowers Auto Installment Loan Interest Rates by 1 Percentage Point

Hyundai Capital announced on the 3rd that it has lowered the interest rates on its car purchase program (installment) products by 1 percentage point this month.

With this applied, Hyundai Capital's car installment products, 'Mobility Installment Plan (Hyundai Motor)/M Installment Plan (Kia),' offer an industry-low interest rate of 5.7% based on a 36-month term.

The variable interest rate installment product launched last month has reduced its interest rate by 1 percentage point within a month of release and expanded installment options.

They are also running a promotion called 'Kia and Bank of Korea Base Rate Linked Installment.' This applies the base rate directly to the customer's product interest rate, offering a 3.5% interest rate for up to 36 months to customers purchasing any Kia model produced last year.