Saemaeul Geumgo Provides Financial Support to Customers Affected by Heavy Rain... Emergency Loans and Repayment Deferrals

[Asia Economy Reporter Kim Min-young] Saemaeul Geumgo announced on the 13th that it will provide financial support to customers designated as special disaster areas due to heavy rainfall.

The target areas are Anseong-si in Gyeonggi, Cheorwon-gun in Gangwon, Chungju-si, Jecheon-si, and Eumseong-gun in Chungbuk, and Cheonan-si and Asan-si in Chungnam.

Saemaeul Geumgo plans to support customers affected by the heavy rainfall with emergency fund loans, repayment deferrals, and preferential interest rates.

The emergency fund loan provides new loans without credit evaluation within the damage scale for Saemaeul Geumgo members who need urgent funds. The interest rate applies preferential rates suitable for each Geumgo's circumstances, with a total support limit of 10 billion KRW.

Additionally, existing loan customers who have suffered damage may receive benefits such as principal and interest repayment deferrals based on the screening results. Repayment deferrals of up to six months are supported for principal and interest on existing loans, and in the case of principal and interest repayment methods, maturity lump-sum repayment can be converted to support maturity extension. Customers who have suffered damage and apply for new loans can receive preferential interest rates of around 0.3 percentage points.

Customers wishing to receive financial support can visit Saemaeul Geumgo and apply by October 5.

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