NH Nonghyup Capital has introduced a refinancing product for customers currently using auto collateral loans from other financial institutions. The initiative aims to help consumers reduce their financial costs by allowing them to switch to lower interest rates.
On June 15, NH Nonghyup Capital announced that it is launching a refinancing product that enables customers to transfer their existing auto collateral loans to more favorable terms.
Customers with auto collateral loans from other financial companies can refinance through this product, which is designed to lower their monthly payments and overall interest burden due to reduced interest rates.
Applications can be submitted via the NH Nonghyup Capital mobile application, allowing customers to complete the loan application and refinancing process without visiting a branch.
Jang Jong-hwan, CEO of NH Nonghyup Capital, stated, "We launched this product to provide a more reasonable financial transition opportunity for customers using high-interest auto collateral loans. We will continue to introduce various products and services to enhance customer-centric financial convenience and mutual growth."
* This article has been translated by AI.
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