Busan Bank-Busan Office of Education, Emergency Living Safety Fund Support Agreement for School Consigned Instructors

Bin Daein, President of BNK Busan Bank (left), and Kim Seokjun, Superintendent of Busan Metropolitan City Office of Education, are posing for a commemorative photo on the 13th after signing a business agreement to support emergency living stabilization funds for entrusted instructors at various schools. (Photo by BNK Busan Bank)

[Asia Economy Yeongnam Reporting Headquarters Reporter Kang Woo-kwon] BNK Busan Bank announced on the 14th that it signed a 'Business Agreement for Emergency Living Stabilization Fund Support for Consigned and Entrusted Instructors at All School Levels' with the Busan Metropolitan Office of Education at its headquarters.

Through this business agreement, Busan Bank decided to provide emergency living stabilization fund loans at low interest rates to 'consigned and entrusted instructors' who have been effectively unemployed due to the prolonged delay of the opening of elementary, middle, and high schools caused by the novel coronavirus infection (COVID-19).

'Consigned and entrusted instructors' refer to 'after-school instructors' and 'specialty and aptitude instructors' who signed consignment contracts with schools at all levels in Busan in 2020.

Unlike existing products that apply different loan limits and interest rates according to the customer's credit rating, Busan Bank will provide low-interest loans with a loan limit of 5 million KRW and a fixed interest rate of 3.30% per annum without differentiation by credit rating after internal bank screening.

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