NongHyup Financial Group Supports After-School Instructors with 3.3% Interest Rate Loans

Deputy Prime Minister and Minister of Education Yoo Eun-hye (left in the photo) and Kim Kwang-soo, Chairman of NH Nonghyup Financial Group, are posing for a commemorative photo after signing a business agreement at the 'Low-Interest Loan Agreement Ceremony for After-School Program Instructors' held on the 25th in the conference room of the Nonghyup Financial Headquarters located in Jung-gu, Seoul.

[Asia Economy Reporter Kwon Haeyoung] NH Nonghyup Financial Group signed a business agreement with the Ministry of Education on the 25th at the Nonghyup Bank headquarters located in Jung-gu, Seoul, to provide low-interest loans to after-school program instructors.

This business agreement was promoted to support the livelihoods of instructors through low-interest loans in cooperation between the Ministry of Education and Nonghyup Financial Group, amid the suspension of after-school programs due to the novel coronavirus disease (COVID-19).

The loan interest rate is fixed at 3.3%, the loan period is 3 years, and applications can be made in units of 100,000 KRW from a minimum of 500,000 KRW to a maximum of 3,000,000 KRW. Loan applications can be made non-face-to-face using the Nonghyup Bank mobile application (All One Bank). Support is provided upon recommendation by the education office after confirmation by the school principal.

Deputy Prime Minister and Minister of Education Yoo Eun-hye said, "I am grateful to Nonghyup Financial Group for cooperating with the spirit of overcoming COVID-19 together despite difficult management conditions," and added, "I hope this business agreement will help support the livelihoods of after-school instructors nationwide."

Kim Kwang-soo, Chairman of Nonghyup Financial Group, said, "Nonghyup Financial Group promises to do its best to ensure that many instructors can receive financial support quickly and conveniently," and added, "We hope to be of help to the Ministry of Education and the instructors."

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