Shinhan Investment Corp. Launches Event to Halve Interest Rates on Overseas Stock Collateral Loans

Reduced from existing 6~7% to 3.9%

[Asia Economy Reporter Minwoo Lee] Shinhan Financial Investment is conducting a promotion that cuts the interest rate on overseas stock-backed loans by nearly half.

Shinhan Financial Investment announced on the 13th that it will hold a promotion applying an annual interest rate of 3.9% on overseas stock-backed loans until the 30th of next month.

The overseas stock-backed loan service allows customers to receive loans using high-quality stocks from the US, Hong Kong, and Japan as collateral. After registering for the collateral loan service, customers can visit the nearest Shinhan Financial Investment branch or receive the loan amount via phone. Previously, interest rates of around 6-7% were applied depending on the loan amount and membership grade. This promotion effectively reduces the interest rate by nearly half.

The promotion is targeted at customers subscribing to overseas stock-backed loans for the first time. It is conducted on a first-come, first-served basis with a limit of 30 billion KRW, and after using the loan service for six months, the same interest rate cannot be applied upon extension. Detailed information can be found on the Shinhan Financial Investment website and the mobile application 'Alpha.'

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