Real Estate 114 and Pinmart Launch One-Stop Loan Service

[Asia Economy Reporter Yuri Kim] Real Estate 114 and fintech company Finmart, which compares financial products, announced on the 21st that they have signed a business agreement and opened a personalized loan service for customers.

The method of calculating loan limits when obtaining real estate loans is complex, making it difficult to easily check personalized loans for individuals. Recently, the need for non-face-to-face loan systems has also increased due to the novel coronavirus infection (COVID-19).

The loan service opened by Real Estate 114 automatically calculates loan limits by comprehensively considering factors such as annual income, existing loan details, and regional LTV application restrictions when a visitor to the Real Estate 114 website selects a real estate property. The service is characterized by allowing users to understand everything from property search to loans required for contracts at once. The new loan service can be accessed on the property pages within the Real Estate 114 site.

This service utilizes Finmart’s real estate loan calculation algorithm, enabling users to compare and select interest rates and loan products from various financial companies such as commercial banks, P2P lenders, and capital firms at a glance according to their own conditions, without the need to visit multiple bank websites. It reduces the hassle of individually inquiring about applicable interest rates and loan limits from each financial institution when purchasing a home.

A Real Estate 114 official stated, "We focused on customer convenience by enabling a one-stop process from property viewing to transaction and loan on the Real Estate 114 website," adding, "We hope this service will help people prepare for their own homes."

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