Search results for Sunshine Loan special case
Finance
Race to pre-empt won stablecoin as third financial hub nears
South Korea\'s financial authorities raised their target for household loan growth this year and NH Nonghyup Bank resumed variable-rate mortgage lending, drawing attention to whether mortgage hurdles will fall across the sector. COFIX rose for a fourth month, increasing borrowers\' interest burdens. Financial support for mid-to-low credit borrowers and small businesses is spreading, while the government and regulators advance plans tied to regional finance hubs and debate over a won stablecoin shifts toward payment, distribution and custody infrastructure.
Finance
Toss cuts savings bank Sunshine Loan special-case brokerage fees by 16 percent
Viva Republica, operator of Toss, will lower brokerage fees for savings banks offering special-case Sunshine Loan products on its loan comparison service. The move aims to reduce fee burdens for savings banks and expand the supply of public finance products for the lowest-credit borrowers. Toss said on Aug. 19 it will cut the fees by about 16 percent. Eight savings banks currently offer the product on Toss, and the cut applies through year-end.
Finance
KakaoBank cuts New Hope and Sunshine Loan rates to mid-4 percent range
KakaoBank will cut interest rates on policy-backed loans for low-income and financially vulnerable borrowers to ease interest burdens. It said the cuts take effect on May 15 for its New Hope Loan II and Sunshine Loan products. New Hope rates fall by 0.30 percentage points and Sunshine Loan rates by 0.75 percentage points. KakaoBank plans to offer both at minimum rates in the mid-4 percent range.
