Sangsangin Securities Offers 2.9% Annual Interest Rate Event on Margin Loans for Customers Opening Non-Face-to-Face Accounts
[Asia Economy Reporter Oh Ju-yeon] Sangsangin Securities announced on the 28th that it will hold an event applying an annual credit loan interest rate of 2.9% to new individual customers who open non-face-to-face accounts by March 31 of next year.
This event is open to any new individual customer who has no prior account opening history with Sangsangin Securities based on their resident registration number and opens their first non-face-to-face account during the event period. Compared to the industry average loan interest rate of about 5.3%, the event is attracting attention by offering a sensational interest rate of 2.9%.
The event can be participated in through Sangsangin Securities’ exclusive app, 'Sangsangin mPlus'. After opening a new mobile non-face-to-face account, customers log in to HTS·MTS, enter into a credit interest agreement, and proceed to purchase stocks on credit through stock orders. The event is conducted with a limit of 30 billion KRW and may end early if the limit is exhausted; the schedule may also change depending on the company’s circumstances.
In particular, while the industry’s basic maturity period for credit loans is 90 days, this event allows the maturity date to be extended once, enabling customers to enjoy the interest rate benefit for up to 180 days. After 180 days, the extended credit interest rate will be applied based on the cumulative usage days and will change to a differentiated interest rate according to the collateral stock grade. For more details, please check the Sangsangin Securities website and customer center.
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Lee Myung-su, CEO of Sangsangin Securities, said, "This event was prepared to reduce the burden on customers caused by the high interest rates arising from stock investment," adding, "We will continue to provide various products and services to enhance customer satisfaction and strengthen our competitiveness."
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