Shinhan Bank and Kibo Launch 'Shinhan Clean Plus Guaranteed Loan'

Strengthening Transparency in Policy Fund Usage through Registration of Loan Purpose and Usage
Expanding Digital-Based Corporate Loans to Utilize Non-Face-to-Face Channels... Enhancing Customer Convenience

[Asia Economy Reporter Kangwook Cho] Shinhan Bank announced on the 7th that it has launched the 'Shinhan Clean Plus Guaranteed Loan,' which enhances the transparency of fund usage for guaranteed loans and increases customer convenience through non-face-to-face channels, in collaboration with the Korea Technology Finance Corporation.

In June, Shinhan Bank signed a 'Business Agreement on Clean Plus Guarantee Support' with Kibo to expand credit support for small and medium-sized enterprises and prepared this new product.

This loan increases transparency by pre-registering and verifying the purpose and usage of the loan funds. While the existing 'Business-to-Business (B2B) electronic payment' limited fund usage to payment for goods purchases, this product significantly expands the fund usage to include not only goods purchases but also labor costs, rent, and more. After the initial loan agreement, loan execution is possible through non-face-to-face channels, enhancing the convenience of operating fund disbursement.

A Shinhan Bank official stated, "Through the launch of this new product, we aim to provide smooth operating funds to small and medium-sized enterprises experiencing financial difficulties due to the recent COVID-19 pandemic and meet the non-face-to-face needs of corporate customers. Shinhan Bank will do its best to enhance customer convenience by offering various financial products and services utilizing digital transformation for small and medium-sized enterprises."

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