KB Kookmin Bank Launches 'KB 4 Major Pension Credit Loan'

[Asia Economy Reporter Kangwook Cho] KB Kookmin Bank announced on the 3rd that it has launched a dedicated product called 'KB 4 Major Pensions Credit Loan' for customers receiving the four major pensions (National Pension, Military Pension, Government Employee Pension, Private School Pension).

The KB 4 Major Pensions Credit Loan is available to customers who receive the four major public pensions through a KB Kookmin Bank account, with a maximum application amount of up to 100 million KRW.

The loan period can be used as a lump-sum repayment method within one year, including comprehensive account automatic loans, and the term can be extended up to 10 years. The installment repayment method is available for periods between one and five years.

Customers who have maintained a long-term relationship with KB Kookmin Bank for over 20 years receive an additional preferential interest rate of up to 0.3%p annually, expanding the benefits of preferential rates. The loan interest rate varies depending on the type of pension received and credit rating, with a minimum rate of 2.80% per annum (including preferential rates, as of the 3rd).

A KB Kookmin Bank official said, "This new product was launched to support the living stability and temporary financial needs of retired customers," adding, "We will continue to strive to be a safe and reliable 'Lifetime Financial Partner for the People' in the era of longevity."

This content was produced with the assistance of AI translation services.