Search results for Gyeonggi Credit Guarantee Foundation
Finance
KB Kookmin Bank, credit guarantee body launch one-stop non-face-to-face guaranteed loan service
KB Kookmin Bank has launched a one-stop, non-face-to-face guaranteed loan service with the Credit Guarantee Foundation Central Association, allowing small merchants and sole proprietors to handle everything from guarantee applications to loan disbursement remotely. The bank said the service applies banking-as-a-service to the association’s integrated Bojeungdream app. To mark the launch, KB Kookmin Bank will run a fee-support event through Oct. 30.
Finance
KakaoBank expands interest support for small merchants nationwide, to supply 1.2 trillion won in guaranteed loans
KakaoBank said it completed agreements to launch interest-support guaranteed loans with regional credit guarantee foundations across South Korea’s 17 cities and provinces, concluding with Gyeonggi and Jeju. The accumulated supply of the loans reached about 1.2 trillion won through the end of July, it said. Small merchants using the product saved an accumulated 23.6 billion won in interest, with an average rate cut of 1.99 percentage points.
Finance
K Bank links in-app guaranteed loans with Gyeonggi credit guarantee foundation
K Bank said it has built an in-app integration system for sole proprietors in Gyeonggi province, allowing the entire process from loan application to disbursement to be handled remotely. It said it launched its “Boss Guaranteed Loan” service with the Gyeonggi Credit Guarantee Foundation and linked the two institutions’ apps so customers can proceed without switching apps or logging in again. It also introduced GPS-based site inspection automation.