Busan Bank Lowers Household ONE Credit Loan Interest Rate by up to 0.6%p

[Asia Economy Reporter Yoo Je-hoon] BNK Busan Bank announced on the 9th that it will lower the new interest rate of its credit loan product 'Household ONE Credit Loan' by up to 0.60 percentage points.

First, a special preferential interest rate of 0.30 percentage points will be applied to all customers applying for Busan Bank's Household ONE Credit Loan, with a limit of 300 billion KRW. Depending on the credit rating, an additional reduction of up to 0.30 percentage points can be received, allowing for a maximum interest rate discount of up to 0.60 percentage points per year.

With this interest rate reduction, the minimum interest rate for the Household ONE Credit Loan will decrease from the existing 3.90% per annum as of the 6th to around 3.30% per annum.

The Household ONE Credit Loan is a unified screening product that integrates previously complex products by occupation into one, providing customized recommendations. It is available to various customers including public officials, office workers, as well as medium and low credit rating customers.

Lee Soo-chan, Head of Credit Sales Division at Busan Bank, stated, “Busan Bank will continue to discover optimal financial products and services that meet customer needs.”

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