Woori Bank "Switch Your Citi Bank Loan... Offering 1.5%P Preferential Interest Rate"

Maximum Limit of 300 Million Won... No Prepayment Penalty or Stamp Tax

[Asia Economy Reporter Minwoo Lee] Woori Bank is launching a dedicated loan refinancing product for Citibank customers withdrawing from retail banking. Through this, various benefits such as a maximum preferential interest rate of 1.5 percentage points (P) will be provided.

Woori Bank announced on the 26th that it will launch this "Woori Citi Refinancing Credit Loan" product on the 1st of next month. This is a new exclusive product for refinancing credit loans currently used at Citibank, offering up to 1.5%P preferential interest rate, allowing loans at a minimum annual rate in the low 3% range. In particular, customers without existing loans at Woori Bank will receive an additional 1%P preferential rate when applying for refinancing.

The loan limit is granted up to 230% of annual income within the refinancing amount range, with a maximum of 300 million KRW. Additionally, customers who take out loans by the end of this year will be fully exempt from early repayment penalties and stamp duties. Customers can check their pre-approved limit and apply for loans non-face-to-face without submitting documents via Woori WON Banking, and can also apply directly at any Woori Bank branch.

A Woori Bank official stated, "We are preparing various measures so that customers who have used Citibank can switch their main bank to Woori Bank without inconvenience," adding, "We will repay customers with competitive credit loan products and customer service."

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