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Shinhan Bank to provide 7.5 billion won in guaranteed loans for Incheon mid-to-low credit firms

Shinhan Bank will support agreement-guarantee loan financing worth 7.5 billion won for mid-to-low credit companies and online sellers in Incheon. The bank signed an inclusive finance-focused agreement guarantee deal with the Incheon Credit Guarantee Foundation to supply guaranteed loans to local small and micro businesses. Eligible loans are new working-capital facilities at Shinhan Bank. The maximum limit is 50 million won per company, with a 100 percent guarantee and an annual guarantee fee rate of 0.8 percent.