Hana Savings Bank Launches Emergency Living Stability Fund Loan... 'Haengbokron 119' Released
[Asia Economy Reporter Kim Min-young] Hana Savings Bank announced on the 12th that it has launched an emergency living stabilization fund loan product to support small business owners and low-income individuals struggling due to the novel coronavirus infection (COVID-19) crisis.
The 'Haengbok Loan 119' loan product is available to individuals aged 20 and over, with a maximum limit of 5 million KRW. It offers an interest rate benefit reduced by 2.0 percentage points compared to existing credit loan products. It will be sold temporarily with a total limit of 10 billion KRW until June 30.
Additionally, it allows installment repayment over 5 years without early repayment fees, and a grace period repayment of up to 12 months to reduce repayment burden. Applications can only be made non-face-to-face via phone or internet.
Hot Picks Today
Cerebras Soars 70% on IPO Debut: Is Nvidia's Reign Ending as a New AI Semiconductor Power Emerges?
- [Breaking] KOSPI Plummets After Hitting 8,000 Triggering Sell-Sidecar
- "Gave in to the Momentary Temptation": Japanese Police Official Dismissed After Stealing 100 Million Won Next to Body
- "Mom, Isn't It Comfortable Living With Me?"... 'Unexpected Result' Shows Increased Drinking Out of Frustration
- "After Vowing to Become No. 1 Globally, Sudden Policy Brake Puts Companies’ Massive Investments at Risk"
Oh Hwa-kyung, CEO of Hana Savings Bank, said, "As the COVID-19 situation prolongs, the difficulties of small business owners and low-income individuals are expected to intensify. We have prepared an emergency financial support program to overcome the crisis together, and we will faithfully fulfill our role as a community financial institution."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
