BNK Gyeongnam Bank Supports SMEs and Individuals Affected by Property Damage from Heavy Rainfall
New Funding Support with a Limit of 100 Billion KRW... Special Preferential Interest Rate up to 1.0%p Provided
[Asia Economy Yeongnam Reporting Headquarters, Reporter Song Jong-gu] BNK Gyeongnam Bank is providing emergency financial support to small and medium-sized enterprises (SMEs) and individuals who suffered property damage due to heavy rainfall.
On the 12th, BNK Gyeongnam Bank announced that it will provide emergency financial support worth 100 billion KRW to SMEs and individuals who incurred property damage from the heavy rainfall.
The emergency financial support targets SMEs and individuals who have suffered actual property damage from the heavy rainfall. Those who submit a "Damage Confirmation Certificate" issued by the relevant local government office can receive financial assistance.
Within the confirmed damage amount, individuals can receive emergency living stabilization loans up to 20 million KRW, and SMEs can receive emergency business stabilization funds up to 500 million KRW per company.
Additionally, a special preferential interest rate of up to 1.0%p will be offered, providing new funds totaling up to 100 billion KRW.
For existing loans, principal repayment can be extended without payment, and installment repayment deferrals are available.
Jung Yoon-man, Executive Director of the Credit Sales Headquarters, said, "Record-breaking heavy rain has fallen in the metropolitan area, and damage is expected to increase. We have decided to provide financial support worth 100 billion KRW to help SMEs and individuals who suffered property damage due to the heavy rainfall. We hope this emergency financial support will be of practical help to the affected SMEs and individuals."
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Meanwhile, separately from the emergency financial support, BNK Gyeongnam Bank has prepared benefits such as up to a 6-month deferral of credit card payment billing for Gyeongnam BC Card customers and affiliated stores who suffered property damage from the heavy rainfall.
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