Search results for Saitdol
Finance
Finda says mid-to-low credit borrowers prefer policy loans for unsecured and secured lending
Finda said loan preferences among mid-to-low credit borrowers are clearly split by credit score range. Based on an analysis of first-quarter data over the past three years, users with credit scores in the 400 to 800 range mainly used unsecured and secured loans and policy finance products such as Haetsal Loan, it said on Wednesday. By contracted amount, unsecured loans, auto-secured loans and policy products accounted for a large share across the range.
Finance
FSC cuts rate requirements for mid-interest loans by up to 1.25 points, expands supply
South Korea’s Financial Services Commission is moving to revamp rules to expand lending to mid-credit borrowers as the economic slowdown increases pressure on vulnerable borrowers. It plans to adjust supply criteria for the policy-backed Saitdol loan, cut insurance rates and expand supply. Support for low-credit borrowers will be strengthened separately through policy microfinance, including a rate cut for Haetsal loans. The FSC also plans to lower rate benchmarks for private mid-interest loans by up to 1.25 percentage points.
Finance
Woori Financial steps up productive, inclusive finance, chair vows not to miss \'golden time\'
Woori Financial Group held an April council meeting on financing for advanced strategic industries, chaired by Chairman Lim Jong-ryong (임종룡), to review first-quarter results and second-quarter tasks for its 80 trillion won Future Shared Growth Project. Participants agreed to speed up productive finance amid rising external uncertainty. The group also outlined inclusive finance measures, including loan rate caps and interest relief, and plans to complete a groupwide platform in May.