Woori Bank Reduces Preferred Interest Rates on 5 Types of Credit Loans

Maximum 0.5% Point Reduction in Preferential Interest Rates

[Asia Economy Reporter Jin-ho Kim] Woori Bank will reduce preferential interest rates on five personal credit loan products starting from the 14th.

According to the financial sector on the 10th, Woori Bank decided to cut preferential interest rates on five personal credit loan products by up to 0.5 percentage points.

The 'Woori WON Workplace Loan' combined the preferential interest rates of 0.1 percentage points each for salary transfer and credit card usage into one. As a result, the maximum preferential interest rate was reduced from 0.4 percentage points to 0.3 percentage points.

The 'Woori Special Loan' removed the preferential items that provided 0.1 percentage points each for automatic payment of utility bills and maintenance fees and credit card usage. The 'Woori New Generation Plus Loan' also eliminated the 0.1 percentage point preferential interest rate item for salary transfer.

The 'Woori First Salary Credit Loan' reduced the preferential interest rate for salary transfer from 0.2 percentage points to 0.1 percentage points and also removed the preferential interest rate for new sign-ups through non-face-to-face channels. In the case of the 'Woori Emergency Fund Loan,' the preferential interest rate items that provided 0.5 percentage points for grades 1-2 and 0.3 percentage points for grades 3-5 based on telecom company ratings were deleted. The maximum preferential interest rate was reduced from 1.0% to 0.5%.

A Woori Bank official explained, "This is to manage the appropriate pace of increase and decrease in household loans according to the household debt management plan."

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