Capital allowances on strengthening household loans used car market MOLINA

While strengthening the [newspapers around the lower cervical Korea Financial News] financial regulatory authorities to finance the loan capital cases four eateries are concentrating on the used car market. Personal loan interest rates, while used car finance is concentrated in the more than 20% iteoseoda or brushed in high-interest regulations at around 15%. In addition, the views life insurers, credit card companies, banks move to jump into the used car market, used car market to be fierce competition.

According to the 7th financial authorities and financial institutions, capital and buy 30% moving on to the high-risk lending additional provisions in excess of 20% interest rate. On the other hand used car finance interest rates are lower than the interest rate on personal credit loans. According to the 7th Credit Finance Association, the average interest rate credit loans credit rating status (March 20 criteria) Okay Capital Class 1 are 17.29%, 20.56% grade 4, grade 5, 22.54%, 25.23% 6 ratings. HCS is a 1-3 rating of 14.9%, grade 4 18.48% 20.88% to 5 grade 6 grade 19.91%. JB our capital has a high 1-3 grade 12.95%, 18.74% grade 4, grade 6, 22.78%, 26.63% more than 20% in seven grades, such as lending rates. Credit Finance Association, the 7th installment cars for sale, according to the applicable interest rate financial instruments classified into the distribution, or less than 20% to 25% versus interest rates. Lotte auto leasing is 11.9%, Meritz Capital was 9.02%, 15.34% Capital assimilation, BNK Capital 6.92%, JB we Capital 6.92%, JT Capital 10.36%, 2.42% NH NH Capital, KB Capital 11.87%. Each company had an average interest rate is 8.79% with the lowest DGB Capital Auto Lease Lotte has the highest with 15.98%

In the capital the industry has already strengthened the used car market, such as sieving improvement reasons.

Very capital improvements in scrambling to the constitution fails to sell plans to strengthen the used car finance.

Very Capital officials 'new car itself is less profitable because interest rates are high, "said said' plans to change the used car finance portfolio is mainly profitable.

KB Capital is also an open platform, used car quotes "KB Cha Cha" from last year embarked on the used car market. This year, it is going after plans for such a stance. In addition there looking to buy a used car finance our capital JB automotive financial center of capital. BNK Capital also has been hit the used car finance market through the "BNK sseomka 'last year established a joint venture fairy tales and fairy tale Empark Capital. Fairytale M. Park is regarded as a used car up to just dealing with the 5000 University used cars a month.

Capital Industry insiders said, the entire industry, including the Capital Hyundai Capital and strengthen the financial sector used cars.

Saga Capital iteoseoda the gun used car market and enhances the look of a used car finance growth. According to the Ministry of Transportation Korean used car market last year increased by 3.1% to 3,780,000 more than 3,670,000 in 2015. The used car market turnover is open 30 trillion won level. With such a loan is regulated profitability also banks, insurance companies jumped into the used car finance as a new food.

Credit card companies, life insurance companies have also joined the used-car market competition. Samsung Card has been launched in the last year, "Direct Auto" and proceed with the new car and used car finance. Credit Finance Association, Shinhan Card has opened a used car O2O platform, Shinhan Card Tea tucha 'in February.

Hanwha Life has signed an agreement with Seoul Guarantee in March, SGI discussion five (car purchase loans) ready for launch.

Capital industry insider "if the new car market, used car market is growing twice as large a seongjangpok enough to grow four times, saying," used car market outlook is not bad, "he said.



Daily Economic News Finance FNTIMES - commercial reprint, copy, distribute prohibited purposes under the Copyright Act
Copyright ⓒ Korea's Financial News & FNTIMES.com