KB Kookmin Card, Special Financial Support for Typhoon and Heavy Rain Damage

Payment deferral for up to 6 months and other support available until the end of November

[Asia Economy Reporter Ki Ha-young] KB Kookmin Card announced on the 8th that it will provide "special financial support" for individual customers affected by consecutive typhoons and heavy rains, including deferred card payment, installment payment, and discounted card loan interest rates.

Customers who suffered damage from the three typhoons Hagupit, Maysak, and Haishen that occurred last month and this month, as well as from heavy rains during the monsoon season, can defer credit card payments for up to six months by submitting a "Damage Confirmation Certificate" issued by the local administrative office.

Single payments and short-term card loans (cash services) can be paid in installments for up to 18 months. Long-term card loans (card loans) can receive repayment deferrals by changing the installment repayment period or grace period. Fees for installments, short-term card loans, and long-term card loans used after the date of damage caused by the typhoon or heavy rain will be discounted by 30%.

For overdue payments incurred after the date of damage, late fees will be waived until November for typhoons Haishen and Maysak, and until October for typhoon Hagupit and heavy monsoon rains.

Applications and consultations for special financial support are available through KB Kookmin Card branches and customer centers until October 31 for typhoon Hagupit and heavy rains, and until November 30 for typhoons Maysak and Haishen.

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