Shinhan Card Launches COVID-19 Support Loan Product for Yanolja Partner Stores... Up to 50 Million KRW

Loan Amount from Minimum 500,000 Won to Maximum 50 Million Won
Support Planned for Future Shared Kitchen Platform Franchisees, Unmanned Convenience Stores, etc.

[Asia Economy Reporter Ki Ha-young] Shinhan Card announced on the 9th that it will provide business loans to Yanolja affiliate store owners in collaboration with the global leisure platform Yanolja.

This is the first time Shinhan Card has introduced a loan product prepared for platform affiliates struggling due to COVID-19 to Yanolja affiliate store owners.

Through this partnership, Shinhan Card will offer loan services with lower interest rates compared to existing business loan products to Yanolja affiliates. Among these, Shinhan Card plans to present the maximum loan limit through faster screening for its affiliated stores. The loan amount ranges from a minimum of 500,000 KRW to a maximum of 50 million KRW. This loan was calculated using Shinhan Card's microcredit service, a credit evaluation service for individual business owners, to determine limits and interest rates.

Additionally, Shinhan Card is in discussions with various platform companies to provide low-interest business loan services to shared kitchen franchisees and unmanned convenience stores. It is expected to support individual business owners from startup to purchasing necessary supplies and stable operating funds.

Furthermore, Shinhan Card continues to provide ongoing financial support to small business owners facing difficulties. Since February last year, at the early stage of the COVID-19 pandemic, it has been offering financial support to individual business owners at discounted interest rates compared to existing loan products, recording a total of 13,385 cases and approximately 137.3 billion KRW in loan performance by the end of July this year.

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