Kakao Pay Opens 'My Loan Limit' Service
[Asia Economy Reporter Buaeri] Kakao Pay announced on the 29th that it has launched the 'My Loan Limit' service.
'My Loan Limit' is a service that allows users to provide their resident registration number, workplace information, and income details to multiple financial institutions partnered with Kakao Pay, enabling them to compare a list of available loan products, accurate loan limits, and interest rates.
The service offers the same screening results as when visiting branches of each financial institution, allowing users to check information within the Kakao Pay platform without having to individually provide their details to multiple financial companies.
Currently, users can compare unsecured loan products from Hana Bank, Korea Citibank, Gyeongnam Bank, and Korea Investment Savings Bank. SC First Bank, Welcome Savings Bank, SBI Savings Bank, Shinhan Savings Bank, Eugene Savings Bank, Smart Savings Bank, JT Savings Bank, JB Woori Capital, and BNK Capital are also scheduled to be sequentially opened as development is completed.
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Kakao Pay stated, "From everyday payments and remittances to investments, insurance, and loans, we will continuously enhance our services as a lifestyle financial platform that broadly provides the financial services users need."
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