No Fees for Lump-Sum or Installments... Lotte Card's 'LOCA Nanugi Card'

[Asia Economy Reporter Yu Je-hoon] Lotte Card announced on the 26th that it has launched the 'LOCA Nanugi Card,' which allows users to split lump-sum payments into installments without any burden whenever needed.

This card features LOCA Nanugi benefits that can be applied for up to 6 months depending on the usage amount. The LOCA Nanugi benefit allows users to change the number of payment months and pay in installments without additional fees through the Lotte Card DigiLOCA app for lump-sum payments made with the LOCA Nanugi Card.

The LOCA Nanugi benefit is provided without any performance requirements from the previous month and can be applied for via the Lotte Card DigiLOCA app up to two business days before the payment date that includes the lump-sum usage. Therefore, there is no need to request installment payments separately at the time of card payment; users can either pay the lump sum as is or apply for the LOCA Nanugi benefit according to their financial management plan. Even overseas usage amounts that can only be paid in lump sum can be split.

If the lump-sum payment amount made with the LOCA Nanugi Card is between 300,000 and 3,000,000 KRW per transaction, a 3-month LOCA Nanugi benefit applies; if it is over 3,000,000 KRW, either a 3-month or 6-month LOCA Nanugi benefit can be applied. However, sales such as national tax, local tax, four major social insurances, monthly rent, lease fees, gift cards, and vouchers are excluded from the LOCA Nanugi benefit.

The annual fee for the LOCA Nanugi Card is 20,000 KRW (domestic only and international combined). A Lotte Card official said, "This card allows customers to first pay in lump sum without hesitation when using the card and then split the payment later according to their situation, reducing the burden on customers."

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