Search results for installment repayment
Finance
Shinhan Bank cuts Saehuimang Holssi loan rates, extends maturities to expand inclusive finance
Shinhan Bank will expand inclusive finance measures aimed at easing interest burdens for financially vulnerable groups. The bank will increase the preferential interest-rate discount for Saehuimang Holssi loans with installment repayments to 1.1 percentage points from 0.3 percentage points and extend the repayment period to as long as 84 months from 60 months. New loan rates can fall to the 4 percent range depending on customer conditions.
Finance
Woori Bank launches \'WON Dream Loan Refinancing\' for high-interest borrowers
Woori Bank said on Tuesday it launched the \'Woori WON Dream Loan Refinancing\' to reduce financial costs for customers using high-interest unsecured loans at Woori Financial Group affiliates. Eligible borrowers include workers earning 35 million won or less a year, freelancers, homemakers and other non-wage earners. The loan limit is up to 20 million won, with rates starting in the mid-4 percent range and capped at under 7 percent.
Finance
Woori Financial steps up support for youth, middle-to-low credit borrowers with inclusive finance platform launch
Woori Financial Group is expanding financial support for young people and middle-to-low credit borrowers by increasing the supply of policy loans and rolling out new products. It reviewed inclusive finance results and future tasks at a May meeting in Seoul. Woori Bank supplied 218.6 billion won in Saehopeum Holssi loans in the first quarter and provided interest relief and waivers. The group plans to launch a loan-switching product and an inclusive finance platform, while widening regional microfinance support.
