NH Nonghyup Bank Gyeongnam Headquarters Provides Financial Support to Wildfire Victims in Hadong and Other Areas

The NH Nonghyup Bank Gyeongnam Headquarters is providing financial support to farmers, merchants, small and medium-sized enterprises, and residents affected by the recent wildfires in Hadong, Hapcheon, and other areas.

The support targets farmers, merchants, small and medium-sized enterprises, and residents in the affected areas who have received a ‘Damage Confirmation Certificate’ from administrative offices. Corporate funds of up to 500 million KRW and household funds of up to 100 million KRW are provided.

Gyeongnam Nonghyup.

The loan period is up to 5 years, and for facility funds, up to 10 years (up to 15 years for small and medium-sized enterprises). Preferential interest rate benefits of up to 1%p (1.6%p for farmers) are applied.

For new loan support, interest payment deferral is possible for up to 12 months. For existing loans, interest payment deferral and installment repayment deferral are available for up to 1 year for individuals and corporations who have received the ‘Damage Confirmation Certificate’.

Head of Headquarters Jo Geun-su said, “We will do our best to provide financial support so that farmers, merchants, small and medium-sized enterprises, and residents affected by the wildfires in Gyeongnam, including Hadong and Hapcheon, can recover their daily lives as soon as possible.”

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