KakaoBank has introduced a new service that allows users to compare financing options for both used and new cars in one place.
On September 8, KakaoBank announced the launch of its 'Auto Financing Comparison Service.'
Customers looking to purchase used cars can compare KakaoBank's used car loans with auto loans, installment plans, and personal loans from over 70 partner financial institutions to select their preferred options.
For new car purchases, users can compare cashback offers and installment terms from various credit card companies. By entering the vehicle price, down payment, and installment period, customers can view cashback benefits and installment conditions offered by partner card companies.
The service also includes long-term rental options. Users can access rental services from Hyundai Capital through the KakaoBank app, along with information on car insurance rates and other details necessary for vehicle purchases.
Previously, customers had to individually search for loan and installment terms and cashback benefits from different financial and credit card companies when buying a car. KakaoBank has streamlined this process by allowing users to compare various auto financing products and benefits from multiple financial institutions within a single app.
KakaoBank plans to enhance its competitiveness in the loan platform market by expanding its comparison services to include auto financing, following its offerings in personal loans and mortgage loans.
A KakaoBank representative stated, "We have created a service that allows users to easily compare and utilize auto financing information that was previously difficult to view at a glance. We will continue to expand products and services necessary for our customers' financial lives."
* This article has been translated by AI.
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