| Mobile Web

Search results for Preferential interest rate

Finance

IBK Industrial Bank of Korea launches 1 trillion won inclusive loan for mid-to-low credit borrowers

IBK Industrial Bank of Korea has launched a 1 trillion won personal credit loan programme to reduce financing costs and repayment burdens for mid-to-low credit borrowers. The product, called IBK Good Rate Inclusive Loan, targets customers in the bottom 50 percent of personal credit scores. It applies a single annual interest rate of 4.9 percent without complex preferential conditions. Customers aged 34 and under can borrow at 4.7 percent.

Finance

Hana Bank launches preferential account for farm and fishery owners employing foreign workers

Hana Bank has launched a demand deposit account for farm and fishery operators and sole proprietors who employ foreign workers. The account offers a base annual interest rate of 0.1 percent and a preferential rate of 1.9 percentage points when customers transfer monthly wages of at least 500,000 won per transaction to a foreign worker’s Hana Bank account. If conditions are met, up to 2.0 percent applies to balances up to 2,000,000 won, with fee waivers.

Finance

Hana Bank to provide 100 billion won agreement guarantees for semiconductor materials, parts and equipment firms

Hana Bank said on Thursday it signed a business agreement with the Korea Technology Finance Corp to support small and medium-sized companies in the semiconductor industry. The two will create agreement guarantees worth 100 billion won for semiconductor-related small firms facing management burdens from prolonged high inflation and high interest rates. Companies using the guarantees will receive support on guarantee fees, with reductions and subsidies over up to three years.