KakaoBank Extends Loan Interest Support for Medium and Low Credit Customers by One More Month

[Asia Economy Reporter Kiho Sung] KakaoBank is extending its loan interest support for medium- to low-credit customers by one more month.

On the 13th, KakaoBank announced that it will support the first month's interest for medium- to low-credit customers (KCB credit score 820 or below) who newly take out a 'Medium Credit Loan' or 'Saitdol Loan' until the 9th of next month. The first month's interest will be paid into the customer's KakaoBank account under their name, and no separate application is required.

Since last month, KakaoBank has applied a new credit evaluation model and expanded the maximum limit of the 'Medium Credit Loan Product' for medium- to low-credit customers to 100 million KRW. The additional interest rate has also been reduced by up to 1.52 percentage points. As of today, the lowest interest rate is 3.138%.

A promotion that pays double interest to medium- to low-credit customers who subscribe to the '26-Week Savings' will also continue until October 9th. To participate, customers can check their credit score through KakaoBank's 'My Credit Information' service to confirm that their score is below 820, then subscribe to the 26-Week Savings. Regardless of loan status, if the 26-Week Savings maturity is achieved, the interest amount will be cashbacked to the customer's KakaoBank account under their name. Only one new account per customer is allowed.

The event providing coffee coupons to customers using the 'My Credit Information Service' for the first time has been extended until the 9th of next month. 10,000 people will be selected by lottery to receive coffee coupons. Checking credit scores does not affect the credit score, and submitting economic activity records can also help 'raise the credit score.'

A KakaoBank official said, “We extended this event to continuously provide various benefits to medium- to low-credit customers.”

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