KakaoBank Reduces High-Credit Employee Loan Limit from 150 Million to 100 Million Won
Effective from the 22nd
[Asia Economy Reporter Kiho Sung] KakaoBank announced on the 22nd that it will reduce the maximum limit of credit loans for high-credit salaried workers from the existing 150 million KRW to 100 million KRW.
The applicable products are the Salaried Worker Overdraft Account and Salaried Worker Credit Loan, and the new limit will apply to new contracts from 6 a.m. on the same day.
Regarding this reduction, KakaoBank stated, "To expand mid-interest loans and loans for mid-to-low credit borrowers, which are the core strategic goals of the credit business division this year, we have decided to reduce the maximum limit of high-credit loan products."
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Meanwhile, KakaoBank said it is preparing various measures to expand mid-interest loans and loans for mid-to-low credit borrowers throughout this year and is striving to show clear results in this area.
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