Hana Bank "Switch Citi Bank Loans Without Document Submission"

Launch of Debt Refinancing Product for Citibank Credit Loan Customers

[Asia Economy Reporter Minwoo Lee] Hana Bank is launching a loan refinancing product for credit loan customers of Citibank, which is withdrawing from retail banking.

Hana Bank announced on the 29th that it will launch this "Citibank Refinancing Loan" product on the 1st of next month.

The loan limit for this product is up to 220 million KRW within the refinancing amount range, and the Debt Service Ratio (DSR) regulation does not apply. All Citibank credit loan customers are eligible for a basic preferential interest rate discount of up to 2.1 percentage points (P). If additional transactions are promised, an extra preferential rate of 0.9%P is added. When all discounts are applied, customers can receive a loan interest rate in the low 3% range regardless of the application channel. Additionally, there is no prepayment penalty, and the stamp tax is fully supported.

Loans can be applied for through various channels such as mobile, branches, internet banking, and My Branch. In particular, if applied through the "Hana One Q" application (app) as a mobile-exclusive product, customers can immediately check their loan limit and interest rate without submitting documents, and complete the loan application and contract in one step.

A product launch event will also be held. Among new customers refinancing with this exclusive Hana Bank product, 1,111 people will be selected by lottery to receive Hana Money, a cash-equivalent point, up to a maximum of 3 million KRW.

A Hana Bank official stated, "We have prepared various benefits and conveniences to allow customers to transact with Hana Bank conveniently through this opportunity," and added, "We will strive to provide differentiated products and services to customers who newly transact with Hana Bank."

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