KakaoBank Suspends Credit and General Jeonse Deposit Loans... Halted Until Year-End
[Asia Economy Reporter Kiho Sung] KakaoBank announced on the 7th that it will suspend new loans for high-credit personal loans, salaried worker Saetdol loans, and general jeonse and monthly rent deposit loans until December 31.
The youth jeonse and monthly rent deposit loan product will limit the number of new daily applications, and the number of applications allowed may change depending on the trend.
However, it stated that loan products for mid- to low-credit customers such as mid-credit loans, mid-credit plus loans, and Saessal loans, as well as loans for individual business owners, will be maintained as before.
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A KakaoBank official said, "The suspension of new loans for some loan products is part of household loan management," adding, "KakaoBank may take additional measures considering the pace of loan growth."
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