Kakao Pay Opens 'DSR Calculator' Service

[Asia Economy Reporter Kiho Sung] Kakao Pay announced on the 21st that it has launched the 'Debt Service Ratio (DSR) Calculator' service.

The 'DSR Calculator' is a service that calculates the DSR, which represents the ratio of debt to income based on the user's loan details. Users can now more easily prepare for the DSR regulatory changes to be introduced next year by using the DSR score provided by Kakao Pay.

Kakao Pay has resolved the inconvenience for users who had to apply the complex DSR calculation method by directly organizing interest rates and their loan details. The 'DSR Calculator' automatically checks loan details and shows the current DSR score along with the difference between the loan limit until the end of this year and the new credit loan limit for next year at a glance. It allows comparison not only of loan limits from commercial banks but also changes in credit loan limits from savings banks and card companies simultaneously.

Users can check their DSR score by pressing the 'Calculate Next Year's Limit in Advance' button within the 'DSR Calculator' tab. By selecting 'Automatically Load Loans,' users can retrieve all loan information without manually entering each loan detail after agreeing to the terms, or they can directly input their existing loan information. After entering detailed loan information and annual income, users can immediately receive the DSR analysis results.

Meanwhile, the 'DSR Calculator' service is available on the 'Loan' page of the Kakao Pay home screen. This service is provided temporarily until the 31st of this month, before the loan regulation changes begin.

Kakao Pay stated, "With growing interest in loan limits due to recent changes in loan regulations, we hope this 'DSR Calculator' service will help users better prepare for changes in the financial market," adding, "Going forward, Kakao Pay will continue efforts to improve financial inconveniences in daily life so that 37 million users can enjoy more convenient and secure financial lives."

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