Seomin Financial Services Agency Reports Customized Loan Performance of 250.5 Billion KRW in Q1

[Asia Economy Reporter Kim Min-young] The Korea Inclusive Finance Agency announced on the 23rd that it disbursed customized loans worth 250.5 billion won in the first quarter of this year.

This is an increase of 165% compared to the same period last year (94.5 billion won).

Through the customized loan service, the agency allows consumers to compare loan products from 60 financial companies, including commercial banks and savings banks, online.

The agency analyzed that the demand for loans increased in the first quarter of this year due to the spread of the novel coronavirus disease (COVID-19). The average interest rate for customized loans is 11.33% per annum.

To use the customized loan service, you can contact the Korea Inclusive Finance Call Center or the Integrated Support Center for Inclusive Finance. You can also use the agency’s website or the customized loan application.

At a video conference with counseling staff on the same day, Lee Gye-moon, President of the Korea Inclusive Finance Agency, said, “Not only has the number of people needing support from inclusive finance increased due to COVID-19, but the preference for non-face-to-face channels has also grown, resulting in the highest quarterly performance for customized loans in the first quarter. I ask you to carefully understand the hearts of the financially vulnerable who desperately need help in these difficult times and to provide counseling from the customer’s perspective.”

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