Woori Bank "Get the 2nd Small Business Loan via Mobile"

[Asia Economy Reporter Kim Hyo-jin] Woori Bank announced on the 22nd that the entire process from application to execution of the 'Small Business Owner 2nd Financial Support Loan' can be completed through Woori Bank's mobile banking app, Woori WON (WON) Banking.

Small business owner customers can submit documents required for loan screening, such as VAT tax invoice certificates, as image files through WON Banking, and the entire process from guarantee issuance, loan agreement, to loan execution can be done non-face-to-face.

Woori Bank has also expanded the scale of preferential interest rates for the Small Business Owner 2nd Financial Support Loan. Preferential interest rates are applied according to credit rating, with an average annual discount of 0.5 percentage points, and customers with an internal Woori Bank credit rating of grade 3 or higher are offered a loan interest rate of about 2.8% per annum.

A Woori Bank official said, "Woori Bank has focused on supporting small business owners since the early stages of the COVID-19 outbreak," adding, "In the current situation where preference for untact services is increasing due to COVID-19, we have enhanced customer convenience by implementing a non-face-to-face loan process."

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