INTRODUCE
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 5.8% p.a
- 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 5.8% p.a
- Fix interest rate for the first 2 years: From 7.0% p.a
- Fix interest rate for the first 3 years: From 7.5% p.a
- Floating interest rate: Average 12-month term deposit rate (for individuals) of state-owned banks + 3.7% or more
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…)