Loan of 1 Million Won for Living Expenses Starts on 27th... 92% Pre-Reservation Completed

On the 23rd, a notice about a small emergency living expense loan product, which allows applicants to receive up to 1 million won on the same day at the Jungang Community Financial Integrated Support Center in Jung-gu, Seoul, is posted. Photo by Jinhyung Kang aymsdream@

The Financial Services Commission announced that from March 22 to 24, approximately 98% of the reservation slots for small living expense loan consultation applications, available from March 27 to April 21, were booked as of 2 PM on the 24th.

A total of 25,144 reservations were made (17,225 online and 7,919 via call center). Among these, 3,094 cases completed financial education, qualifying for a 0.5 percentage point interest rate reduction benefit when the loan is executed.

From the 29th to the 31st (Friday), reservations will be accepted for unbooked or canceled consultations from April 3 to April 21, as well as new consultation applications for the 28 days starting April 24.

The Financial Services Commission stated, "Since consultations will begin on the 27th, we will ensure that comprehensive consultations, including loan counseling, debt adjustment, welfare programs, and job linkage, are conducted thoroughly."

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