SBC COVID-19 Emergency Loans Expanded to Include NongHyup Bank Account Users

[Asia Economy Reporter Kwon Haeyoung] NH Nonghyup Bank announced on the 14th that it has signed a business agreement with the Small Enterprise and Market Service (SEMAS) to allow customers holding Nonghyup Bank accounts to apply for SEMAS's 'COVID-19 Direct Loan.'

The SEMAS direct loan can be applied for at 62 SEMAS support centers nationwide. It is a product available to small business owners with credit ratings between 4 and 10, offering loans up to 10 million KRW at an annual interest rate of 1.5% without collateral.

Through this agreement, small business owners in local areas who use Nonghyup Bank, which has many branches in the provinces, are expected to receive SEMAS direct loans more quickly and conveniently.

Meanwhile, Nonghyup Bank is actively providing financial support to companies and small business owners struggling due to COVID-19 by introducing non-face-to-face loan application services such as 'Financial Support for COVID-19 Affected Companies' and 'NH Small Business Interest Subsidy Agreement Loans.'

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