Up to 12 Months Interest-Free Installments
Low-Interest Lease Starting at 4.5%
Hyundai Commercial announced on the 4th that it is partnering with Woojin Plaimm, the No. 1 domestic injection molding machine company, to launch the 'Purchase Financing Partnership Program.'
An injection molding machine is a device that processes plastic raw materials under high pressure to create the shape of objects. It is equipment used in various industries such as automotive, electronics, mobile, and household goods.
The newly launched program is an equipment financing product that allows customers to purchase new Woojin Plaimm injection molding machines through interest-free installments or use them via low-interest leases.
First, the interest-free installment plan is a payment method where a portion of the equipment price is paid as a down payment, and the remaining balance is paid in installments without interest. The installment period is applied as 8 months (down payment rate of 30% or more), 10 months (down payment rate of 40% or more), or 12 months (down payment rate of 50% or more), depending on the down payment ratio.
The low-interest lease is a product that allows repayment over up to 60 months with equal principal and interest payments at a low interest rate. Customers can choose a deposit of 20% or 30%. The interest rate is offered as low as 4.5%. It features a lower initial cost burden and lower monthly payments compared to installment products.
Small and medium-sized manufacturing companies that have previously purchased injection molding machines with cash can now reduce their cost burden with lower interest rates and secure liquidity.
A Hyundai Commercial official stated, "In the future, we plan to expand equipment financing products by partnering with companies in various fields beyond Woojin Plaimm."
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