K Bank Extends '2-Month Loan Interest Cashback' Until Year-End

[Asia Economy Reporter Kiho Sung] K Bank announced on the 1st that it will extend the '2 Months Loan Interest Cashback' event until the end of this year.

The '2 Months Loan Interest Cashback' event provides a total of two months' worth of interest support to low- to mid-credit customers who newly use any of the four products: unsecured loans, unsecured loan plus, emergency loans, and Saetdol loans. K Bank has been running this event since September to expand financial benefits for low- to mid-credit customers. After loan disbursement, if interest is paid at the 3rd and 12th month, the cashback is credited the next day.

The event targets low- to mid-credit customers with a Korea Credit Bureau (KCB) credit score of 820 or below. Eligible customers are automatically entered into the event upon applying for the loan product.

Additionally, K Bank has prepared extra benefits for low- to mid-credit customers. During the event period, free enrollment in the 'Loan Safety Plan' service is provided. The 'Loan Safety Plan' service is a service where, if a customer who has taken out a loan (unsecured loan, unsecured loan plus) faces an inability to repay due to a major accident or similar situation, the insurance company steps in to resolve the loan repayment. The insurance cost is fully covered by K Bank. Detailed information can be checked through the K Bank app.

A K Bank official said, "We decided to extend the interest event until the end of the year to expand practical benefits for low- to mid-credit customers," and added, "We will continue to strive to provide various benefits to expand support for low- to mid-credit customers."

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