'Quick Approval in 2 Minutes' Aequon Emergency Cash Loan Launched

[Asia Economy Reporter Kim Min-young] Accuon Capital announced on the 12th that it will introduce a new screening method to launch the ‘Accuon Emergency Fund Loan,’ which completes screening in just 2 minutes.

The Accuon Emergency Fund Loan is a non-face-to-face automatic loan product that requires no document submission or branch visits, reducing the screening time to a minimum of 2 minutes. Applicants must be domestic residents aged 20 or older with a credit rating between 1 and 6, and possess only a mobile phone or credit card in their name. Loans of up to 2 million KRW can be borrowed at a minimum annual interest rate of 7.9% for up to 12 months.

This product is a partnership with Kona I, a smart card solution company, and can be applied for through the Kona Card application (app). The loan amount charged to the Kona Card can be used for payments at offline affiliated stores or for online payments.

Accuon Capital actively utilizes non-financial data such as Telco Score (telecom usage performance) in the loan screening process for this product. The Telco Score, developed by NICE Information Service, is a new credit evaluation model that analyzes 20 telecom big data points including the number of voice calls, data usage, payment delinquency history, and device installment amounts to determine loan eligibility.

An Accuon Capital official stated, “We will continue to launch products utilizing non-financial data to make financial services easily accessible to customers,” adding, “We will strive to provide quality financial services to customers who usually have limited external financial transaction history, such as small business owners, young adults starting their careers, and housewives.”

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