Search results for Sunshine Loan
Finance
Woori Financial launches Youth Future Link Loan to expand support for young adults
Woori Financial Group will contribute an additional 100 billion won to the Woori Smile Microfinance Foundation and launch the Youth Future Link Loan for unemployed and newly employed young adults from March 31. It also plans a social contribution programme, Sae Hope Store, to support young entrepreneurs. The group will expand microfinance branches outside Seoul, relocate some to traditional markets and other small business clusters, and strengthen tailored counselling.
Finance
K Bank launches Sunshine Loan special case product
K Bank said on Tuesday it launched a Sunshine Loan special case product in line with a restructuring of the Korea Inclusive Finance Agency’s policy finance system. The loan carries an annual interest rate of 12.5 percent, lower than the Sunshine Loan 15 rate. Certain socially vulnerable groups qualify for a 9.9 percent rate. Eligible borrowers include low-income, low-credit applicants, with limits up to 10 million won.
Finance
PFCT supplies 34.2 billion won in mid-rate loans with eight savings banks
PFCT said it supplied 34.2 billion won in mid-rate personal credit loans to 1,576 people between May and November by raising funds from eight savings banks. The weighted average interest rate was 12.2 percent, with a delinquency rate of 0.2 percent. Most borrowers were users of non-bank financial institutions.