Shinhan Bank Launches Mobile Guarantee Certificate Secured Loans for Small Business Owners
"Increased Convenience with Shinhan SOL Biz App"
[Asia Economy Reporter Park Sun-mi] Shinhan Bank announced on the 24th that it has signed a business agreement with the Incheon Credit Guarantee Foundation and will implement mobile guarantee certificate secured loans for small business owners.
Small business owners located in Incheon can apply for guarantee certificate secured loans without visiting the bank or the foundation by accessing Shinhan Bank's mobile platform exclusively for individual business owners, the ‘SOL Biz App,’ and complete the entire process from guarantee application to loan execution remotely. Required documents can also be submitted via mobile. Guarantee applications are available from the 24th, and the issuance of guarantee certificates will proceed sequentially from mid-September.
Previously, applying for a credit guarantee foundation guarantee certificate secured loan required visiting the bank and the foundation two to three times or more for document submission, guarantee certificate issuance, and loan application.
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A Shinhan Bank official stated, “We plan to expand the mobile guarantee certificate secured loan service to credit guarantee foundations in other regions so that customers can receive financial support more easily.”
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