DailyFunding, an online investment-linked financial company, is expanding its inclusive finance policy to ease repayment burdens for mid to low credit borrowers. It will lower platform fees for borrowers whose income has fallen or whose interest burden has increased. It will also offer preferential interest rates for borrowers who repay diligently.

DailyFunding said on Tuesday it has expanded and implemented its inclusive finance policy to support the economic stability of mid to low credit borrowers.

During loan extension screening, DailyFunding will cut platform fee rates by up to 50 percent for borrowers whose income has declined and whose interest rates have risen compared with before.

It has also prepared interest rate benefits for diligent borrowers. It will apply preferential interest rates of up to 1 percentage point to mid to low credit borrowers whose credit scores have risen recently or whose income has increased. Even if there is a record of delinquency during the loan period, borrowers can still receive the preferential rate benefit once if it is a simple delinquency of 3 days or less.

It also eased screening standards for refinancing loans. If borrowers with limited financial history or restrictions on using mainstream finance, such as thin-file customers, freelancers, retirees and business owners, apply for a refinancing loan to repay existing loan balances, loans will be available for delinquencies of less than 30 days.

DailyFunding CEO Min-woo Lee (이민우) said, "We will actively implement inclusive finance policies that mid to low credit borrowers can feel." He added, "We are also preparing various measures to resolve information asymmetry for online investment-linked finance investors."