Finance
KB Kookmin Bank launches KB Kookmin Do-yak Loan for refinancing non-bank lenders
KB Kookmin Bank on Thursday launched the KB Kookmin Do-yak Loan, a refinancing product aimed at borrowers using credit loans from non-bank lenders. The bank said it revamped its Kookmin Hope Loan launched in 2023. Eligible applicants are customers who have used a non-bank credit loan for at least 6 months. The product has no income or tenure requirements and caps the maximum interest rate at 9.5 percent.
