KB Securities Launches 'Credit and Loan Interest Rate Reduction Event'

KB Securities (CEOs Park Jung-rim and Kim Sung-hyun) announced on the 2nd that it will hold a ‘Credit and Loan Interest Rate Reduction Event’ to reduce customers' financial burdens during the high-interest rate period amid the gradually recovering stock market environment.

This event is available until April 30 and targets new customers opening accounts for the first time with the company or existing customers who have had no credit or loan transactions from December 1, 2022, to February 17, 2023, at the Prime Center (non-face-to-face, bank-linked) for individual customers. It offers an annual credit and loan interest rate of 4.5% with benefits lasting for 60 days.

Application for the event is mandatory, and it can be applied for through a stock trading-enabled Prime Center (non-face-to-face, bank-linked) entrusted account limited to one account per person. However, accounts opened at branches, accounts receiving Prestige preferential interest rates, or negotiated interest rates are excluded from the event application.

After applying for the event, the annual credit and loan interest rate of 4.5% will be applied from the next business day for 60 days. After the event interest rate period ends, the credit and loan interest rates of the Prime Center (non-face-to-face, bank-linked) stock trading preferential accounts will apply without separate notice.

Kim Young-il, Head of M-able Land Tribe at KB Securities, said, “We prepared this event for customers who wanted to use credit and loans but felt burdened by high interest rates,” adding, “We will do our best not only to offer various beneficial events but also to strengthen our service competitiveness to meet customer needs.”

Stock investment may result in principal loss depending on investment outcomes and is the responsibility of the investor. If the appropriate collateral ratio is not met, and additional collateral is not provided within the deadline, the collateral securities may be disposed of at the company’s discretion.

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