'Up to 250 Million KRW' K-Bank Raises Credit Loan Limit

Increase Credit Loan Limits for 3 Types to 50 Million - 100 Million Won

[Asia Economy Reporter Kiho Sung] K Bank is adjusting the credit loan limit up to a maximum of 250 million KRW.

On the 5th, K Bank announced that it will raise the limits for three types of credit loans (credit loan, overdraft loan, credit loan plus) by 100 million KRW, 50 million KRW, and 50 million KRW respectively.

The credit loan limit will increase by 100 million KRW from the existing 150 million KRW limit, allowing loans up to 250 million KRW. The overdraft loan and credit loan plus limits will be increased from the current 100 million KRW to 150 million KRW.

The credit loan is a product for office workers who have been employed for more than six months and have an annual income of over 20 million KRW. There are two repayment methods: "equal principal and interest installment repayment," where the loan amount and interest are paid monthly over the loan period, and "lump-sum repayment at maturity," where only interest is paid during the loan period and the principal is repaid in full at maturity. Borrowers can choose the method that is more advantageous to them.

The overdraft loan is a product for office workers that can be drawn upon as needed. On the product introduction page, the daily interest cost based on the lowest interest rate can be easily checked at a glance.

The credit loan plus is available not only to office workers but also to those who are not wage earners, such as individual business owners. Even if the borrower already has an existing loan, they can receive additional loans up to the new limit, making it a popular loan product among medium- and low-credit customers.

Additionally, K Bank is running two events for medium- and low-credit (KCB score 820 or below) customers using credit loans and credit loan plus products until the 31st of this month. The interest cashback event refunds the interest paid on the third month the next day. Furthermore, the loan protection plan is a service that repays the loan on behalf of the customer if they are unable to repay due to an unexpected serious accident. K Bank covers the full insurance premium.

A K Bank official said, "With the new year, we will expand medium- and low-credit customers through a differentiated CSS model and strive to provide loans centered on actual demand."

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