It was last year when the government continued to regulate credit loans to prevent so-called debt investment and small loans. It was a word that expresses the word "loan" in which the excessively borrowed money was used for investment and attracted the soul. Although it was a special measure to prevent reckless use, Shinhan Bank began to resume credit loans in January 2021. So today, we will have a time to find out about the types of credit loans at commercial banks and also about the conditions and qualifications.
Scope of Commercial Banks
First, let's find out what banks are in the scope of commercial banks that the financial sector is talking about. 1The banks in the financial sector belong. Shinhan Bank, Kookmin Bank, Industrial Bank of Korea, Woori Bank, Hana Bank, etc. are included.
Why you need to use commercial banks?
Those who are new to loans must look at commercial banks in the primary financial sector first because the cheapest interest rate is natural and minimizes the negative impact on credit ratings.
What is a credit loan?
So what is a credit loan? It literally means a loan that you only take with your own creditworthiness. For example, in the case of a mortgage, the ownership of the mortgage is transferred to the 비대면 폰테크 creditor when the right amount of money is not redeemed or the loan is overdue.
Commercial Bank Credit Loan Type
Now, let's look at the types of credit loans for commercial banks.
1. Shinhan Bank Credit Loans for Office Workers S
It is a company loan that applies interest rates and preferential limits to office workers who are working at a company designated by Shinhan Bank. The company required by the bank must be in office for at least a year and earn more than 28 million won a year. The maximum limit of 100 million won will be applied to use it as a negative account, and up to 150 million won will be applied if it is repaid on a maturity date. It can be extended to one-year units for up to 10 years with a one-year loan period. Interest rates are set at the basic rate - preferential rate.
2. Kookmin Bank Credit Loan KB Star Credit Loan
An office worker and Kookmin Bank should have been in one job for at least a year as a loan product for customers who are the main bank. There are no conditions to meet preferential interest rates and the document submission process is not complicated, so it is easy to use. If Kookmin Bank's own document review is impossible, there may be separate documents. The maximum is 200 million won, and the limit can be applied differently depending on the results of the examination, such as income level or expectation.
3. IBK Credit Loan i-ONE
This product is sold to customers who are transferring their salaries to the Industrial Bank of Korea. It can be received by working-class and small and medium-sized workers, even if their external credit rating score (Nice: 600 - 749, All Credit: 520 - 689) is low and their income is low, they can borrow. If you are a new customer, you can also get a 0.1%p interest rate advantage. You can choose between a negative account or a lump sum repayment, and the loan period is one year. For the limit, it is applied differently depending on the individual's credit rating and income level between 1 million won and 50 million won.
4. Woori Bank's emergency loan
This is Woori Bank, the type of credit loan for commercial banks. This is an emergency loan for customers who use 3 telecommunication companies (KT, SKT, LG U+). Due to the nature of emergency loans, the maximum limit is set at 3 million won, so there is no separate screening. It has a one-year loan period and can be used by any customer with a credit rating of 1 to 6. However, if Woori Bank's loan products are overdue or fail to pass internal screening standards, there may be restrictions on the use of loans.
5. Hana Bank Credit Loan Hana One-Q Credit Loan
It is a product for customers who have joined the National Health Insurance Company with more than 6 months of employment. The normal payment period for health insurance should have been at least 6 months. You can redeem it temporarily or use a negative account, and the maximum limit is 150 million won, and it can be used at least 500,000 won to 100,000 won. Available for up to a year.
So today, we looked at the types of credit loans from commercial banks and looked at the conditions and qualifications of each product.