Busan Bank and Korea Veterinary Medical Association Sign 'Primary Banking Institution Agreement'

Exclusive Credit Loans for Veterinarians: Highest Limits and Special Interest Rate Reduction up to 0.50%p in Financial Sector

[Asia Economy Yeongnam Reporting Headquarters Reporter Kang Woo-kwon] BNK Busan Bank has signed a 'Main Banking Institution Agreement' with the Korean Veterinary Medical Association, becoming the first regional bank to do so. The agreement was conducted in writing due to the resurgence of the novel coronavirus disease (COVID-19), the bank announced on the 8th.

Through this agreement, Busan Bank will support a credit loan limit exclusively for veterinarians up to 350 million KRW, the highest level in the financial sector, and will offer a special interest rate reduction of up to 0.50%P, providing a minimum annual interest rate of 2.26%.

Additionally, when issuing the Busan Bank premium credit card ‘REX’ for the first time, cashback will be provided based on usage performance, and all fees incurred at branches and online will be waived.

Busan Bank plans to implement a service allowing members of the Korean Veterinary Medical Association to check loan limits and interest rates in real time without visiting the bank directly through the non-face-to-face branch called the ‘Veterinarian Smart Branch.’ For customers who want direct consultation, a ‘Visiting Consultation Service’ will be provided.

The Korean Veterinary Medical Association and its regional branches will promote the agreement details on their respective association websites and guide their members on various financial products and services offered by Busan Bank.

Son Dae-jin, Head of Credit Sales at Busan Bank, stated, “In line with the untact trend due to COVID-19, we will provide specialized non-face-to-face services so that veterinarians nationwide can use Busan Bank easily and conveniently.”

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