Search results for installment repayment
Finance
Shinhan Bank launches Ddaenggyeoyo preferred merchant loans up to 100 million won
Shinhan Bank has launched a loan product offering up to 100 million won for preferred merchants on the co-prosperity delivery app Ddaenggyeoyo. Eligible businesses must designate settlement and card payment accounts with Shinhan Bank, set at least one major delivery platform settlement account to the bank, post average monthly sales of at least 10 million won over the past six months and have operated for at least six months. Loans run for 1 to 3 years with installment principal repayment and can use auto repayment services.
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.
