KakaoBank, 1 Trillion KRW in Mid-Interest Loans Last Year
[Asia Economy Reporter Kim Hyo-jin] Kakao Bank, a Korean internet bank, announced on the 13th that since launching its mid-interest rate loans in January last year, it has lent a total of 1 trillion won as of the 8th.
The government-backed 'Saitdol Loan' amounted to 916.5 billion won (as of the end of last year), while Kakao Bank's self-launched credit loan called 'Jungsinyong Loan' was 62 billion won.
The average interest rate for Kakao Bank's Saitdol Loan was 5.99%, which was 0.95 percentage points lower than the average interest rate of 6.94% for Saitdol Loans at commercial banks as of the third quarter of last year. The average interest rate for the Jungsinyong Loan was 5.62%.
Hot Picks Today
600 Million vs. 460 Million vs. 160 Million... Samsung Electronics DS Division: "Three Paychecks Under One Roof"
- Opening a Bank Account in Korea Is Too Difficult..."Over 150,000 Won in Notarization Fees Just for a Child's Account and Debit Card" [Foreigner K-Finance Status]②
- Penalty Surcharges to Exceed Illicit Gains for Hoarding... Government Announces Strong Response to Market Disruption
- "Disappointing Results: 80% of Sunscreens Found Lacking in Safety and Effectiveness"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
A Kakao Bank official stated, "We plan to supply about 1 trillion won in mid-interest rate loans this year as well."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
!["Please Help Us": How Much Do Those Bowing Deeply for Your Vote Really Earn? [Data Pick]](https://cwcontent.asiae.co.kr/asiaresize/307/2026052010120870131_1779239528.png)
