Finance
Shinhan Bank launches emergency loan for basic pension recipients
Shinhan Bank has launched an emergency living-expense loan for senior customers who receive the basic pension into a Shinhan Bank account. The product, called the Shinhan Basic Pension Emergency Loan, is offered as a minus-account facility with a single limit of 500,000 won. It carries a loan term of 3 years and an annual interest rate of 0.1 percent. The bank is also running a promotional event through Sept. 30.
