Daegu Bank Launches Easy Credit Loan for Office Workers… Maximum Limit 2 Billion KRW, Minimum Interest Rate 2.27%

[Asia Economy Reporter Kim Min-young] DGB Daegu Bank announced on the 2nd that it will launch the ‘IM Employee Easy Credit Loan,’ which allows any office worker in South Korea to check their credit loan limit.

This loan features the ability to check the loan limit and interest rate within one minute using only mobile phone authentication, available 365 days a year. Limit inquiries can be made even without having an account at the bank.

Any wage earner who has been employed at their current workplace for more than six months can apply for the loan starting from 9 a.m. on the 3rd via the Daegu Bank IM Bank application (app) or mobile web. The limit is up to 200 million KRW depending on income and credit rating, and the interest rate can be preferentially reduced to as low as 2.27% per annum if conditions such as salary transfer and card usage are met.

After loan approval, the loan can be used by opening a Daegu Bank account, and the loan application and contract can be completed easily and quickly through automated document submission (scraping) using a digital certificate without visiting the bank or submitting separate documents.

A Daegu Bank official stated, “We plan to launch a smartphone-exclusive automatic screening loan for customers with medium or lower credit ratings within this month.”

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