Woori Bank Launches 'Woori Cashnote Platform Exclusive Loan' Non-Face-to-Face Product

[Asia Economy Reporter Kim Hyo-jin] Woori Bank announced on the 4th that it will launch a new non-face-to-face loan product called 'Woori Cash Note Platform Exclusive Loan' through an agreement with Korea Credit Data.

'Woori Cash Note Platform Exclusive Loan' is a non-face-to-face credit loan product that supports up to 20 million KRW for 650,000 small business owners using Cash Note. It can be easily applied for by linking directly from the Cash Note application (app) to Woori Bank's mobile banking, Woori WON (WON) Banking. ▲Cash Note subscribers ▲franchise sales deposit customers ▲open banking subscribers can receive up to a 0.8 percentage point preferential loan interest rate.

In addition, this product automatically reflects customers' sales, income, and business information in Woori WON Banking, enabling prompt financial support for small business owners who find it difficult to visit the bank.

Cash Note is a comprehensive sales management and business management service used by 650,000 business sites nationwide. It is a platform developed by Korea Credit Data, a first-generation company of Dino Lab, Woori Financial Group's fintech incubation program.

A Woori Bank official said, "The product being launched this time is a non-face-to-face exclusive product that aligns with Woori Bank's digital transformation strategy, and we hope it will provide practical help to small business owners going through difficult times due to COVID-19."

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