Woori Bank Limits Credit Loan Ceiling to 'Within Annual Income' Starting Today
[Asia Economy Reporter Jin-ho Kim] Woori Bank has limited the personal credit loan limit to within the annual income starting from the 15th. This is a follow-up measure in response to the financial authorities' request for total household debt management.
According to the financial sector on the day, Woori Bank applied this limit to eight products including 'Woori Wonhaneun Office Worker Loan' and 'Woori Main Office Worker Loan.' However, this applies only to new loans and increases, and does not apply to extensions of loans reaching maturity.
Hot Picks Today
"Buy on Black Monday"... Japan's Nomura Forecasts 590,000 for Samsung, 4 Million for SK hynix
- "Plunged During the War, Now Surging Again"... The Real Reason Behind the 6% One-Day Silver Market Rally [Weekend Money]
- "Not Everyone Can Afford This: Inside the World of the True Top 0.1% [Luxury World]"
- "We're Now Earning 10 Million Won a Month"... Semiconductor Boom Drives Performance Bonuses at Major Electronic Component Firms
- Experts Are Already Watching Closely..."Target Stock Price 970,000 Won" Now Only the Uptrend Remains [Weekend Money]
Earlier, other commercial banks and internet-only banks also reduced the maximum limits on credit loans and overdraft loans in line with the financial authorities' strengthened loan regulations. This measure follows the Financial Supervisory Service's request last month to summon senior loan officers from major commercial banks to adjust loan limits.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
