Hyundai Finance now in PH through local bank partners

    MobilityCarsHyundai Finance now in PH through local bank partners

    Hyundai Motor Philippines Inc. (HMPH), with local bank partners, will be providing a range of car payment options exclusively under Hyundai Finance. The brand is establishing the said program with its first batch of local partners, namely East West Bank (EWB), Banco De Oro (BDO), and Bank of the Philippine Islands (BPI) — 3 of the country’s most trusted banks will support fast and easy applications for Hyundai customers.

    A ceremonial agreement signing on this newest undertaking took place last October 19, 2023, at CONRAD Manila in Pasay City. Together with HMPH president Dongwook Lee and HMPH managing director Cecil Capacete were EWB first vice president-secured lending head Jocelyn Legaspi, BDO senior vice president-consumer lending group head Susan Audrey Rivera, as well as BPI senior vice president–retail lending bancassurance group head Dennis Fronda.

    “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,” according to HMPH president Lee.

    As a start, a set of financing schemes (subject to bank approval and effective until December 31, 2023) for the Creta and Stargazer are being rolled out:

    Low cash outlay based on 20% downpayment (DP) for 60 months term
    ModelVariantDP Amount (PHP)
    Stargazer1.5 GL IVT38,000
    1.5 GLS IVT78,000
    Creta1.5 GL IVT58,000
    1.5 GLS IVT88,000
    Free Amortization of up to 5 months for 60 months term
    ModelVariantNet Monthly Amortization (PHP)# of Months
    Stargazer1.5 GL IVT21,4055
    1.5 GLS IVT24,0103
    Creta1.5 GL MT21,0043
    1.5 GL IVT24,6113
    1.5 GLS IVT27,8181
    Zero Interest at 20% downpayment for 12 or 18 months term
    ModelVariantSRP (PHP)DP Amount (PHP)12 months Net Monthly Amortization (PHP)18 months Net Monthly Amortization (PHP)
    Stargazer1.5 GL IVT1,068,000213,60071,20047,467
    1.5 GLS IVT1,198,000239,60079,86753,245
     Creta1.5 GL MT1,048,000209,60069,86746,578
    1.5 GL IVT1,228,000245,60081,86754,578

    For the detailed terms and conditions, visit Hyundai Motor Philippines’ website. Those interested may fill out the form online or inquire at their nearest Hyundai dealership.

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