Finance
Shinhan Investment Securities cuts short-term loan rate to 6.95 percent
Shinhan Investment Securities will cut the interest rate on its stock sale collateral loans to an annual 6.95 percent to ease customers\' financing cost burdens. The firm will replace its existing 24-tier rate system, previously operated under set conditions, with a single rate of 6.95 percent, it said on Monday. The revised rate will apply to new applications made after Aug. 20 following system maintenance.
