HMPH launches Hyundai Finance

Hyundai Motor Philippines Incorporated (HMPH) announced that it now has a financing solution for its customers.

Called Hyundai Finance, the new initiative was formed in partnership with East West Bank, Banco De Oro, and Bank of the Philippine Islands.

To kick things off, HMPH is rolling out a set of payment schemes for its two popular cars — the Hyundai Stargazer and Creta.

The first option is a low deposit plan based on a 20-percent down payment for a term lasting 60 months.

Model	Variant	Down payment
Hyundai Stargazer	1.5 GL IVT	P38,000
	1.5 GLS IVT	P78,000
Hyundai Creta	1.5 GL IVT	P58,000
	1.5 GLS IVT	P88,000

Next is a free amortization program of up to five months for a 60-month term.

Model	Variant	Monthly amortization	Number of months
Hyundai Stargazer	1.5 GL IVT	P21,405	5
	1.5 GLS IVT	P24,010	3
Hyundai Creta	1.5 GL MT	P21,004	3
	1.5 GL IVT	P24,611	3
	1.5 GLS IVT	P27,818	1

Finally, HMPH is laying out a zero-interest plan with a 20-percent down payment for a 12- or 18-month term.

Model	Variant	Price	Down payment amount	12 months	18 months
Hyundai Stargazer	1.5 GL IVT	P1.068 M	P213,600	P71,200	P47,467
	1.5 GLS IVT	P1.198 M	P239,600	P79,867	P53,245
Hyundai Creta	1.5 GL MT	P1.048 M	P209,600	P69,867	P46,578
	1.5 GL IVT	P1.228 M	P245,600	P81,867	P54,578

“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,” HMPH President Dongwook Lee noted.

Photos from Hyundai Motor Philippines Incorporated

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