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Shinhan Bank cuts Saehuimang Holssi loan rates, extends maturities to expand inclusive finance

Shinhan Bank will expand inclusive finance measures aimed at easing interest burdens for financially vulnerable groups. The bank will increase the preferential interest-rate discount for Saehuimang Holssi loans with installment repayments to 1.1 percentage points from 0.3 percentage points and extend the repayment period to as long as 84 months from 60 months. New loan rates can fall to the 4 percent range depending on customer conditions.