Hyundai partners with local banks for new financing program

Hyundai Finance's initial offering highlights Stargazer, Creta.

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.

KEY TAKEAWAYS

  • What are the local banks that HMPH partnered with for Hyundai Finance?

    HMPH partnered with East West Bank, Banco De Oro, and Bank of the Philippine Islands for its auto financing initiative.
  • What two Hyundai models are being featured in the company's initiative scheme?

    For its initiative financing scheme, HMPH is highlighting the Hyundai Stargazer and Creta.
  • Hyundai Finance Program 2

    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.

    Hyundai Finance Program 1

    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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