Sovcombank has launched a loan program for Korean KGM cars

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Sovcombank and REX Motors, the exclusive distributor of KGM (formerly SsangYong) Korean brand cars, are launching a special loan program for buyers of popular Rexton, Torres, Korando and Tivoli models. One of the key advantages is subsidized loans with minimum interest rates of 0.01%, an initial payment of 0% and a loan term of up to 84 months, the press service of the financial institution said.

The 0.01% rate will be available to customers with a loan term of up to 36 months.

According to Artem Yazykov, Managing Director of Sovcombank, the return of the Korean brand to Russia is not only an opportunity for customers to purchase cars known for their quality and reliability, but also a new stage in the development of the domestic automotive market.

"We are glad to be a part of this important event. We are confident that the new financial program will be an excellent solution for those who seek to make the purchase of a car as profitable as possible," he said.

Vitaly Osipov, CEO of REX Motors, added that KGM offers Russian customers understandable and time-tested cars.

"We want to bring the Korean car buyer back to the familiar buying and servicing environment. And having a special loan is one of those steps. We believe that thanks to the program, a wider range of people will be able to consider buying reliable Korean cars, which are covered by a 5—year fair warranty," he explained.

Sovcombank's loan program applies to all new cars sold by official KGM dealerships. The maximum loan amount under this offer is 9 million rubles, with a repayment period of up to 7 years. When applying for a loan agreement, only a passport is required. The decision on granting a loan is made within an hour.