Search results for Reassurance Account
Finance
Hana Bank to provide additional 200 billion won for Seoul small business reassurance account loans
Hana Bank said on March 19 it will support the third round of Seoul’s small business reassurance account loan programme in cooperation with the Seoul Metropolitan Government and the Seoul Credit Guarantee Foundation. The programme totals 200 billion won. It targets sole proprietors in Seoul operating for more than one year, holding a guarantee certificate and with a NICE credit score of 600 or higher. Loans are up to 10 million won per business and can be extended annually for up to five years.
Finance
Toss Bank joins third round of Seoul \'reassurance account\' special guarantee
Toss Bank said on March 10 it will participate with Seoul and the Seoul Credit Guarantee Foundation in the third round of the Seoul \'reassurance account\' programme, expanding guarantee-backed credit line loans for self-employed business owners in Seoul. The programme begins on March 19 and involves eight banks with a total size of 200 billion won. Toss Bank offers a credit line of up to 10 million won, with a 90 percent guarantee ratio and an annual guarantee fee rate of 1.0 percent.
Finance
KakaoBank wins Seoul city commendation for small-business \'Reassurance Account\'
KakaoBank said on Monday it won a commendation from the Seoul city government for efforts to improve financial access for small businesses in Seoul. The award recognises its participation in Seoul-backed support programmes including the launch of the non-face-to-face guaranteed overdraft loan product called the Reassurance Account. KakaoBank said more than 30 percent of users chose it under the second programme, and 260 billion won of 400 billion won in lending was executed through the bank.