K Bank Limits Credit Loan Amount to Within Annual Income Range View original image


[Asia Economy Reporter Kwangho Lee] Internet-only bank K Bank is also limiting personal credit loan limits to 'within annual income range.'


According to the financial sector on the 8th, K Bank decided to apply a personal limit within 100% of annual income for three credit loan-related products starting today: credit loans, overdraft accounts, and Credit Loan Plus, which has a strong characteristic of mid-interest rate loans among credit loans.


K Bank adjusted the personal limit to within annual income following a reduction in the maximum limit for each product on the 2nd.


This move by K Bank is interpreted as an effort to comply with the financial authorities' policy to strengthen household loan management.


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Currently, K Bank's maximum limit for general credit loans is 150 million KRW, and the maximum limit for overdraft loans is 100 million KRW.


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