NH Nonghyup Bank Launches 'NH Medical Loan' Through Agreement with National Health Insurance Service
Credit Loan Interest Rate Discount Up to 1.7%p for Medical Institutions Including Clinics, Pharmacies, and Others
[Asia Economy Reporter Kangwook Cho] NH Nonghyup Bank announced on the 30th that it has signed an agreement with the National Health Insurance Service and launched a new product, 'NH Medical Loan,' targeting medical institutions such as hospitals, clinics, and pharmacies.
Selected as the 'Financial Loan Support for Medical Institutions' operator by the National Health Insurance Service on the 3rd, NH Nonghyup Bank has established an exclusive data transmission and reception system with the National Health Insurance Service and will handle financial loan services for medical institutions until June 2022.
'NH Medical Loan' is a credit loan in the form of an overdraft account that allows businesses operating medical institutions such as hospitals, clinics, pharmacies, and elderly care facilities to freely deposit and withdraw funds up to the lesser amount of half of their annual sales or the annual care benefit amount received from the Service. Interest rate discounts of up to 1.7 percentage points are available, including a maximum preferential rate of 1.0 percentage point under the agreement. (As of June 29, 2020, the minimum annual interest rate is 1.95%)
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Oh Kyung-geun, Vice President of the Corporate Investment Finance Division, stated, “By signing an agreement with the National Health Insurance Service, NH Nonghyup Bank, with its nationwide network, has made it more convenient for medical institutions located in provincial areas, which previously experienced inconvenience, to use financial loans for medical institutions.” He added, “We will spare no support for medical institutions to contribute to the stable management of medical institutions and the improvement of the quality of medical services for the public.”
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