Kple, an online-to-offline financial platform, has listed its personal credit loan refinancing product on Naver Pay and KB Alda's loan comparison service.

PFCT said on July 6 that Kple's personal credit loan refinancing product has been newly listed on Naver Pay and KB Alda's loan comparison service, following Kakao Pay, and would begin full-scale service.

Kple's personal credit loan refinancing product is a refinancing loan that converts existing high-interest debt into a lower-rate loan. It is designed so borrowers can also apply for a new loan if additional funds are needed, depending on their credit and limits.

The company said the product has provided 10.4 billion won in refinancing loans to 228 mid- to low-credit borrowers over about five months since launch. The average credit score is 749.6 based on NICE, and the weighted average interest rate is 10.21 percent.

That generated an interest burden reduction effect of about 234,000 won per borrower on average per month, and about 2.81 million won per year, it said.

PFCT's AI credit risk management solution, Airpack, is used in such loan screening. PFCT is focusing on providing reasonable financial terms to mid- to low-credit borrowers who have been subject to relatively higher rates under existing credit evaluation systems.

PFCT Chief Executive Lee Soo-hwan (이수환) said, "In a high-interest environment, it is important for financial consumers to be able to compare and choose easily and conveniently." He added, "With listings on Naver Pay and KB Alda, we hope many mid- to low-credit borrowers can reduce their financial burden."