KB캐피탈 자동차 담보대출 내차로If you search Naver for KB Capital’s car title loan for my car, it is a product recommended by the highly reliable Naver Pay. It boasts the lowest interest rate. The advantage is that you can borrow money while using the car you currently drive.
If you would like to receive free consulting from an expert right away without checking the content, please refer to the bottom of the article.
KB Capital is an affiliate of KB Financial Group and is a KB financial company like Kookmin Bank and Kookmin Card. You can trust us as a trustworthy company as it belongs to the secondary financial sector and is officially registered with the Korea Credit Finance Association.
To receive a car title loan, you must own your own car or a vehicle in your name. This is because the credit loans we mainly use are based on the value of the car, just as we borrow money after screening your credit score.
So, you can get a loan without DSR repayment even if your income and credit score are low just by looking at the condition of the vehicle. Therefore, if you are low income and have poor credit, you can consider this product.
The most important thing when it comes to car collateral is the condition of the car. The minimum requirements to receive this prize are:
If you are interested, click the link below to receive free consulting.
Go to One Bank Optimized Inquiry Service
The lowest interest rate for this product is 3.80%. The highest interest rate is 19.9%. This is set at the highest legal interest rate of 20% or less. The important factors that determine the interest rate are the loan amount and term. The interest rate increases depending on the amount set and the repayment period.
📢 Tips to lower your interest rate
If you want to lower your interest rate even a little, your income level and credit score must be good. As mentioned before, even if you have low income or low credit, it is best to somehow increase your income and raise your credit score as much as possible to meet better conditions.
Easy ways to raise your credit score and management know-how
The maximum limit is 200 million won, and the minimum amount can be set to 2 million won. The maximum limit can be set based on the car’s year and used price. You will check and proceed with used cars at Encar and Kcar.
Depending on the vehicle model and condition, you can set it to 200% to 400% of the determined used price. If your car is worth about 5 million won, you can get a loan of up to 10 million won to 20 million won.
Limits and interest rates vary from company to company. Some companies may only allow up to 80% to 90% of the car’s value. You should also consider that the interest rate will increase as the amount borrowed increases.
KB Capital’s car collateral loan is a product that uses your car as collateral. Therefore, unlike loans borrowed with a credit guarantee, you cannot use the right to request an interest rate reduction. The early repayment fee is initially 2.0%, but is waived after 3 years from the contract date.
Please note that since the final interest rate is greater than the early repayment fee, repaying even a small amount from the beginning is a good way to reduce the interest burden.
The repayment period can be set to a maximum of 8 years (96 months), including the grace period. The repayment method is repayment in equal installments of principal and interest (after deferral). If you have the burden of paying the initial principal, you can set a grace period.
Before implementing the product, you must develop a thorough repayment plan. Ultimately, there is a limit to preventing loan repayment because your credit score will continue to decline. It is correct to solve the fundamental problem, and we recommend debt consolidation loans, personal workouts, and personal rehabilitation.
If you have a loan or are paying interest on a loan with a past interest rate of 20% or more, it is recommended that you proceed with debt consolidation at a secondary financial institution. After consolidating debt, manage your credit score and reduce the burden of principal and interest by transferring to government policy funds or first-tier financial institutions.
You can receive free consulting through the link below, so please consider it.
Go to One Bank Optimized Inquiry Service
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