[DigitalToday reporter Ji-young Lee (이지영)] KakaoBank said on Feb. 9 it will run its “Long-Long Cashback” event for sole proprietor guarantee loan customers.

Long-Long Cashback is a program that refunds up to 100,000 won in interest to new KakaoBank sole proprietor guarantee loan customers who have repaid diligently for at least 6 months. It provides up to 50,000 won in cashback each, based on the total interest paid in the sixth and 11th months after the loan is disbursed.

In particular, interest-supported guarantee loan customers can receive both local government interest-support benefits and the Long-Long Cashback benefit. For example, if a borrower takes a 10 million won loan at an annual interest rate of 4 percent and receives annual interest support of 2 percent from a local government, applying the Long-Long Cashback benefit of up to 100,000 won lowers the final interest paid to about 100,000 won a year from 400,000 won a year.

KakaoBank previously joined the banking sector’s “support plan for people’s livelihood finance” and provided interest cashback worth a total of 15.8 billion won to about 40,000 sole proprietor loan customers from February 2024 to February 2025.

KakaoBank said, “Based on customers’ positive responses to the interest refund benefits during the livelihood finance support, we planned this event to more substantively ease financial burdens.” It added, “We will continue various support so that small business owners can use financial services more conveniently.”