Shinhan Bank Launches Non-Face-to-Face 'Ttaenggyeoyo Business Loan'... Up to 10 Million KRW Available

[Asia Economy Reporter Kwangho Lee] Shinhan Bank announced on the 6th that it has launched the 'Ttaenggyeoyo Business Loan,' a credit loan product for individual business owners registered on the Ttaenggyeoyo platform, becoming the first commercial bank to offer such a product.

This product was developed to provide beneficial advantages to individual business owners participating in the delivery application (app) platform and to realize mutual growth within the delivery platform.

The Ttaenggyeoyo Business Loan is available to individual business owner customers registered on the Ttaenggyeoyo delivery app platform, with a loan limit of up to 10 million KRW based on the analysis of sales data deposited into the Shinhan Bank account.

The repayment method is equal principal installment repayment, and the loan term is up to 36 months. Additionally, if the account receiving sales settlement funds generated from Ttaenggyeoyo is designated as a Shinhan Bank account, a preferential interest rate of 0.5% can be applied.

This product can be applied for through Shinhan SolBiz, and the entire loan process is fully non-face-to-face, enabling busy individual business owners to apply for loans more easily.

A Shinhan Bank official stated, "This product was planned to realize mutual growth with Ttaenggyeoyo, a good market creator, and to support individual business owners struggling due to COVID-19," adding, "We will expand new content for individual business owners through financial and non-financial services linked with Ttaenggyeoyo in the future."

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