Woori Bank "Check Workplace Employee Credit Loan Conditions on Toss"

[Asia Economy Reporter Kim Min-young] Woori Bank announced on the 4th that it has launched a loan product comparison recommendation service on the mobile financial platform Toss.

According to Woori Bank, customers can now compare the limits and interest rates of the ‘Woori WON Workplace Loan’ with other financial institutions' products through the ‘Find the Right Loan for Me’ service in the Toss application (app). To enable this, Woori Bank and Toss jointly developed an open API for unsecured loans. However, loan applications can only be made through Woori Bank’s ‘Woori WON Banking’ app.

The Woori WON Workplace Loan was a popular product in Toss app’s loan recommendation service. It is available to employees who have been working at their current job for more than six months and have an annual income of over 20 million KRW. The loan limit is up to 200 million KRW (up to 150% of annual income).

Starting with this unsecured loan, Woori Bank is in discussions with Toss to expand the open API to real estate and automobile loans. Through this, customers will be able to use Woori Bank’s financial products and services more conveniently via the Toss app.

A Woori Bank official stated, “Along with expanding partnership services with Toss, we will broaden our connections with financial consumers through partnerships with a wider range of tech-fin companies.”

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