NongHyup Mutual Finance Resumes Jeonse Loan for Semi- and Non-Members
[Asia Economy Reporter Song Seung-seop] NongHyup Mutual Finance will resume the sale of jeonse deposit loans for regional associate members and non-members starting from the 20th.
From this day, consultations and applications for jeonse loans have begun at regional agricultural and livestock cooperatives nationwide. In the case of regional agricultural and livestock cooperatives, jeonse loans for associate and non-members had been suspended since August 27.
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The loan limit for jeonse deposit loans for new loans can be up to 80% of the jeonse deposit. However, in the case of contract renewal, increases are only possible within the allowable increase range. Additionally, applications for jeonse deposit loans must be submitted before the balance payment date specified in the lease contract.
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