Finance
Jeju Bank to reassess customers\' credit monthly, automatically cut loan rates if criteria met
Jeju Bank has introduced a service that reassesses customers’ credit status each month and automatically lowers loan interest rates when rate-cut criteria are met. Customers apply once, after which the bank regularly checks the possibility of a rate cut until the loan is fully repaid. The service starts on Oct. 19 for DJ Bank credit loan customers. Results are provided by text message and through the app, though a rate cut may not apply in some cases.
