Own your favorite car with My Car Loan loan product. Enjoy instead of dreaming,
Woori Bank provides financial solutions so you can easily own your dream car today.
EXCLUSIVE BENEFITS
- Interest rate from 9.1%/year
- Loan period up to 07 years
- Maximum limit of 80% of vehicle value
PRODUCT DETAILS
Who can apply
- Individuals aged 18~60 years old
- Vehicle owner or spouse signs on the Vehicle Purchase Agreement
- People residing in the area where Woori Bank branch is located or neighboring province/city
- Working at the current workplace (with 10 or more full-time employees) for more than 6 months from the time of loan application (In case of a business household or business owner, it must be 24 months minimum)
- Customers are automatically approved on personal credit rating system
- No bad debt at the time of loan application
Loan interest rate
Customer can choose either a fixed interest rate for the first year or a floating rate:
- Fixed interest rate for the first year: From 9.1%/year
- Fixed interest rate for the first 2 years: From 9.4%/year
- Fixed interest rate for the first 3 years: From 9.9%/year
- Floating interest rate: Average 12-month term deposit rate (for individuals) of state-owned banks + 4%
Loan period
06 months ~ 84 months
REQUIRED DOCUMENTS
- ID card, household registration
- Proof of income
- Vehicle records (Purchase contract, payment documents, …)
- Other documents
COLLATERAL CONDITIONS
- New car, imported or manufactured in Vietnam; or used car with a use period not exceeding 36 months from the date of first registration
- Cars with less than 16 seats (including driver) or pickup trucks with 5 seats (maximum payload 1.5 tons)
- Vehicles have clear and legal origin, must be purchased and transferred from car dealers and legal organizations
- Excluding car models with high fluctuating prices such as Chinese cars (Zotye, Baic, Chery, Haval, Changa…) and Indian cars (Tata, Mahindra, Maruti, Eicher…)