Low-Interest Loans Up to 3 Million KRW for After-School Program Instructors
Ministry of Education and NH Nonghyup Sign Loan Support Business Agreement
[Asia Economy Reporter Hyunju Lee] Fixed-rate loans at 3.3%, up to 3 million KRW, will be provided to after-school program instructors.
The Ministry of Education announced on the 24th that it will sign a business agreement with NH Nonghyup on the 25th to support low-interest loans for after-school program instructors.
After-school program instructors can apply for loans non-face-to-face using a mobile application, and upon confirmation by the school principal and recommendation by the Office of Education, they can receive support.
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Loans can be applied for in units of 100,000 KRW, ranging from a minimum of 500,000 KRW to a maximum of 3 million KRW, with a fixed interest rate of 3.3%. The loan period is 3 years.
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