Loan

Auto Loan (Joint Program with Auto Salon)

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1. Introduction

DongA Bank's Auto Loan (Joint Program with Auto Salon) is introduced to help customers purchase their dream cars faster. With the maximum credit limit of 70%-85% of car value, surprising attractive interest rate and loan term up to 60 months, your dream car is nearer to you than ever.


2. Benefits

  • Loan term up to 60 months.
  • Credit limit:
    • Maximum 70% of purchased auto (backing assets is the purchased auto itself)
    • Maximum 85% of auto value (backing assets is the other ones)
  • Preferential loan interest rate.
  • Quick approval of loan applications.
  • Convenient loan payment method: Automatically deducting from customer's account.
  • Especially: Exemption of card regsitration fee.


3. Eligible customers and application conditions

  • Being the principal owner of DongA Multi-Functional card.
  • Having the own fund with minimum of:
    • 30% of auto value (if backing assets is the purchased auto itself)
    • 15% of auto value (if backing assets is the other ones)
  • Having stable income and capability to repay loan.


4. Loan application procedure

  • ID card/Passport, Family record book/KT3 of the borrower and joint debt payer.
  • Documents demonstrating loan use purpose: Quotation, Auto purchase contract, Payment receipt (if any)
  • Documents interpreting of income source for debt payment.
  • Documents of backing assets (if other assets).


  5. Contacts:

  For enquiries or further instructions, please contact:
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