Shinhan Bank Implements Non-Face-to-Face Guaranteed Loans Nationwide with Regional Credit Guarantee Foundations

[Asia Economy Reporter Kwangho Lee] Shinhan Bank announced on the 19th that it will implement the 'Regional Credit Guarantee Foundation Non-face-to-face Guaranteed Loan' service through an agreement with the Korea Credit Guarantee Foundation.

The Regional Credit Guarantee Foundation Non-face-to-face Guaranteed Loan service allows customers who find it difficult to visit the foundation or bank due to operating a personal business to complete the entire process from guarantee application to loan execution with any of the 16 regional credit guarantee foundations nationwide through SolBiz, Shinhan Bank's corporate banking dedicated app, all non-face-to-face.

This service eliminates the inconvenience of having to visit the relevant regional credit guarantee foundation to apply for a guarantee and then visit a bank branch to apply for a loan for existing guaranteed loans. Required documents can also be issued and submitted through the SolBiz application.

The loan target is individual business owners currently operating a business. The loan limit is up to 70 million KRW, the loan period is up to 5 years, and the interest rate is determined according to the conditions of guarantee approval and loan support notification decision.

A Shinhan Bank official said, "We launched the service in consultation with the foundation for busy individual business customers due to their livelihood," adding, "We will do our best to ensure that more individual business customers can enjoy financial benefits."

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