Buying SH on installments is no longer a new type of car buying nowadays. However, there are still many unknowns about this type of shopping, as well as its changes to the service of buying SH with 0% interest installment. Let’s find out with Banktop through the following article.

Find out how to buy SH cars in installments

Find out how to buy SH cars in installments
Find out how to buy SH cars in installments

Honda’s SH model for many years has always been the top model in terms of value among popular models on the streets of Vietnam. Therefore, owning it completely was difficult for everyone in previous years. Grasping that need, financial units and banks have launched forms of installment payments to meet users’ desire to own this great product.

In which, the most prominent type is the 0% interest installment loan service. With the form of buying SH with 0% interest installment payment, you only need to use a credit card with a payment limit higher than the value of the car you want to buy. With a quick shopping process, you can easily own the car you’ve always dreamed of.

Normally, when choosing a 0% interest installment service, you can pay in installments within 3, 6, 9 or 12 months. This will be less stressful and more suitable for your financial needs in the future.

Should I use a credit card to buy a SH car with 0% installment?

Currently, most shops, authorized branches to distribute genuine cars or e-commerce sites are only providing 0% interest installment purchase service via bank credit cards. Therefore, this is your only option if you want to choose the form of installment payment with 0% interest. Although it is the only option, it has many advantages as follows:

  • The application is simple, fast and easy to be appraised for disbursement
  • The fees encountered when paying installments with 0% interest rate are usually none, if any, they are also very reasonable depending on the policy of each bank supporting the service.
  • Depending on the program of the bank in the month or quarter, you can add more incentives, save more financially for yourself.
  • Improve your credit score, which helps a lot with your future loans

Conditions for buying a Honda SH car with 0% installment payment

  • Original credit card, still valid
  • Have a transparent financial history, do not belong to the group of bad debts
  • The limit balance in the card must be larger than the value of the car when purchased.
  • Installment amount must be at least 3 million VND

Latest 0% interest installment purchase procedure 2022

Latest 0% interest installment purchase procedure 2022
Latest 0% interest installment purchase procedure 2022

To be able to buy SH in installments with 0% interest, you need to prepare the following documents:

  • Valid credit card (VISA or Mastercard)
  • Valid identity card or citizen identity card for comparison

Instructions to buy a Honda SH car with 0% installment payment and go right away

  • Step 1: Choose a prepayment level that suits your ability and financial plan when buying SH in installments. Usually, the shop will advise you to pay 40% – 70% of the car’s value.
  • Step 2: Fill in all the information about the procedure and the installment registration form that the staff requires. The bank will contact and verify your application to convert the car payment into a 0% interest installment service.
  • Step 3: After the bank notifies the disbursement and completes the required procedures. You officially own the model SH that you like.

Is there a fee to buy a SH car with 0% installment payment via credit card?

Depending on the policy for the bank that you choose the installment service, different gas rates and fees will apply. Basically, when buying SH in installments, you will probably have to pay 2 types of fees as follows:

  • 0% installment service participation fee: This fee is usually calculated based on 5% of the vehicle’s value
  • Installment conversion fee: This fee is usually charged each month depending on the bank, with a value of 0.5 – 1%/month

Which bank offers the best incentives to buy a car on installments?

Which bank offers the best incentives to buy a car on installments?
Which bank offers the best incentives to buy a car on installments?

Most banks now have links with car manufacturers across the country on the form of buying SH in installments. However, each bank will have different policies and incentives. Therefore, in order to be able to optimize your finances, Banktop would like to provide an analysis of the 4 highest rated banks currently:

Buy SH car via Citibank credit card

  • Maximum installment term 12 months
  • 0% interest rate, when paying via VISA or Mastercard, customers are not charged a conversion fee
  • Apply payment to all authorized stores nationwide and all e-commerce sites today

Buy SH car via Sacombank bank credit card

  • Maximum installment term 24 months
  • 0% interest rate, when paying via VISA or Mastercard, customers are not charged a conversion fee
  • Apply payment to all authorized stores nationwide and all e-commerce sites today

Buy SH car via HSBC credit card

  • Maximum installment term 12 months
  • 0% interest rate, when paying via VISA or Mastercard, customers are not charged a conversion fee
  • Apply payment to all authorized stores nationwide and all e-commerce sites today

Buy SH car via VPBank credit card

  • Maximum installment term 12 months
  • 0% interest rate but need to pay installment account management fee from 0.5 – 1%/month
  • Apply payment to all authorized stores nationwide and all e-commerce sites today

Should I buy a SH car on installment?

  • Buying SH in installments helps you have a reasonable plan for your financial ability, without putting pressure on your personal income.
  • The SH is a high value scooter product, which goes with its excellent quality. So to own it in terms of image, brand name as well as the value of its owner is also much improved.
  • The features of SH also help users to be safer in travel
  • Buying SH in installments also helps you accumulate a lot of credit points, which is a great benefit for you if you have a need for a bank loan in the future.

Notes when buying SH cars on installment

  • It is necessary to choose a valuable SH product that is suitable for your financial ability. Avoid affecting your ability to pay in the future
  • The credit card you use needs to be within the validity period and has a limit balance that must be higher than the value of the vehicle
  • Your financial history in the past must be transparent and clear so that the bank can quickly and easily appraise it for your dream car ownership.

Conclusion

Hopefully the article about buy SH in installments This 0% interest rate of Banktop can help you in the process of learning about the process of buying this car. If you still have many questions that need to be answered, please visit the “News” section to find information of interest.

The article was edited by: Banktop.vn

 


 


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