Hyundai introduces a new range of car payment options with “Hyundai Finance”

In collaboration with local banking institutions, Hyundai Motor Philippines Inc. (HMPH) is set to introduce a variety of exclusive car payment alternatives through the "Hyundai Finance" program. The initiative is being launched in partnership with an initial group of local collaborators, including East West Bank (EWB), Banco De Oro (BDO), and Bank of the Philippine Islands (BPI) – three of the Philippines' widely known and trusted banks. These esteemed partners will facilitate seamless and efficient application processes for Hyundai customers.

On October 19, 2023, a ceremonial agreement signing for this latest initiative took place at Conrad Manila in Pasay City. Present at the event were Mr. Dongwook Lee, President of HMPH, and Mr. Cecil Capacete, Managing Director of HMPH, alongside key representatives including Ms. Jocelyn Legaspi, First Vice President the  Secured Lending Head of EWB, Ms. Susan Audrey Rivera, Senior Vice President the Consumer Lending Group Head of BDO, and Mr. Dennis Fronda, Senior Vice President the Retail Lending Bancassurance Group Head of BPI.

To start off this new initiative, Hyundai is rolling out a set of financing schemes for the Creta and Stargazer, two major market drivers for the South Korean automaker in the Philippines.

The initial option involves a minimal upfront payment, requiring a 20 percent down payment for a 60-month term. The second choice offers complimentary amortization for up to five months within a 60-month term. The third option features zero interest with a 20 percent down payment, applicable to 12 or 18-month terms. If you want to take advantage of this, you can head over to Hyundai Philippines’ website to view the full terms and conditions, alternatively, you can ask about this new program at any Hyundai dealership.