Hyundai partners with local banks for new financing program

MANILA: Hyundai Motor Philippines Incorporated (HMPH) has teamed up with local financing institutions East West Bank, Banco De Oro, and Bank of the Philippine Islands to launch a new financing program for its customers.

Dubbed Hyundai Finance, the said initiative aims to give its car buyers a range of automotive payment options.

“Hyundai Finance is being introduced to better meet the needs and help more Filipino drive home their dream Hyundai. We wish to make the overall buying process all the more convenient for them. Which is one of the many proactive efforts we are taking to keep our promise to continuously innovate the Hyundai brand experience,” HMPH President Dongwook Lee was quoted saying.

As a start, HMPH is rolling out a set of payment schemes for the Hyundai Stargazer and Creta.

The first is a low cash outlay based on 20 percent down payment for a 60-month term.

Model	Variant	Down payment
Hyundai Stargazer	1.5 GL IVT	P38,000
	1.5 GLS IVT	P78,000
Hyundai Creta	1.5 GL IVT	P58,000
	1.5 GLS IVT	P88,000

 

Second, HMPH is for a free amortization of up to five months for a term lasting 60 months.

Model	Variant	Monthly amortization	Number of months
Hyundai Stargazer	1.5 GL IVT	P21,405	5
	1.5 GLS IVT	P24,010	3
Hyundai Creta	1.5 GL MT	P21,004	3
	1.5 GL IVT	P24,611	3
	1.5 GLS IVT	P27,818	1

 

Lastly, the Philippine-wing of Hyundai is offering zero interest at 20 percent downpayment for 12- or 18-months term.

Model	Variant	Price	Down payment amount	12 months	18 months
Hyundai Stargazer	1.5 GL IVT	P1.068 M	P213,600	P71,200	P47,467
	1.5 GLS IVT	P1.198 M	P239,600	P79,867	P53,245
Hyundai Creta	1.5 GL MT	P1.048 M	P209,600	P69,867	P46,578
	1.5 GL IVT	P1.228 M	P245,600	P81,867	P54,578

 

Photos from Hyundai Motor Philippines Incorporated

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