Auto Loans

Index Type Auto Loan

The interest rate pricing standard for DBS index type autoloans made more transparent with interest rates adjusted regularly based on market trends

  • Applicant Criteria: ROC citizen aged 20-60, with good credit history
  • Loan interest rate: fixed deposit rate index II + rate spread, floating rate calculation
  • Loan duration: 13~60 installments
  • Loan amount:New car: TWD 100K~5 million (max of 7 million)
    Used auto: TWD 100K~3 million (max of 5 million)
  • Rate determination:Nominal rate = Fixed deposit rate index II + Fixed spread
    Nominal rate: Changes in line with fixed deposit rate index
    Fixed deposit rate index II: Adjusted every 3 months
    Fixed spread: Fixed spread varies by product
  • Index Definition: Average value of 1-year fixed deposit interest rates issued by reference banks used to determine the "fixed deposit rate index": Bank of Taiwan, Land Bank, Taiwan Cooperative Bank, First Bank, Huanan Bank, Changhwa Bank and DBS Bank (Taiwan).
  • Fixed deposit rate index II means and frequency of adjustment: Adjustment dates are Mar 21, Jun 21, Sep 21, and Dec 21 of each year (if the date falls on a rest day or holiday, the next business day will be the adjustment date), at 3 month adjustment intervals. Average rates on the 11th-17th days of the month of adjustment are sampled, timings are based on Central Bank daily announcement. Index is calculated to the second decimal place, with the third decimal place rounded up or down.
    September 21 2016 announcement: "Fixed Deposit Rate Index II" is 1.07%
  • Sample illustration of total cost in annual percentage rate (APR):

    Loan amount: (New auto) TWD 400K
    Loan duration: 5 years
    Loan interest rate:
    Months 1-12 I* + 2.54% floating rate (currently 3.61%)
    Months 13-24 I* + 1.94% floating rate (currently 3.01%)
    Months 25+ I* + 0.94% floating rate (currently 2.01%)
    I* = DBS fixed deposit rate index II (quarterly adjusted)
    Total relevant fees: TWD2,600/transaction
    Total fee APR: 3.14%

How to Apply:

  • Visit any of our branches or contact our Treasures Relationship Manager.
  • Call our 24-hour personal banking service hotline at 0809-002889 or 02-66129888.

Please Note:

(1) The annual percentage cited in this advertisement is in line with the reference calculation used by regulatory authorities. Actual loan conditions would depend on product provided by the bank. Also, the actual APR for each client would also differ depending on the individual loan product and credit conditions.
(2) Total fee APR is not the equivalent of loan interest rate.
(3) Total fee APR calculation base date is November 21, 2016.
(4) This bank reserves the right to approve client’s application and modify relevant clauses in this product. This bank has the right to review applicant credit conditions and market conditions, in order to determine individual interest rate, loan amount, and loan duration.
(5) The information above is a partial extract from this bank's auto loan conditions, for details please contact our service professionals.

For detailed inquiry, please contact our service centre hotline 0809-002889 or 02-66129888

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