Shinhan Bank Launches 'Shinhan Business Loan IN Naver Pay' Exclusively for Individual Entrepreneurs

Interest Rate at 5% per Year
Maximum Loan Period of 5 Years

Shinhan Bank launches a dedicated loan product for individual business owners, 'Shinhan Business Loan IN Naver Pay'. Photo by Shinhan Bank

Shinhan Bank announced on the 29th that it has launched a loan product exclusively for individual business owners called ‘Shinhan Business Loan IN Naver Pay’.

Shinhan Business Loan IN Naver Pay is a product dedicated to the Naver Pay business loan comparison service, allowing the entire loan process to be conducted non-face-to-face. Customers can immediately check the expected loan limit and interest rate to receive a quick loan.

This loan is available to individual business owner customers who have been in business for more than one year and whose sales data can be verified. Regardless of the customer’s transaction history with Shinhan Bank, the loan can be used at the lowest interest rate based on credit rating (as of the 29th, the lowest annual rate is approximately 5.04%), with a maximum loan period of 5 years. There is no prepayment penalty, so early repayment is possible at any time without additional costs.

A Shinhan Bank representative said, “We hope that small business customers struggling during the high-interest period can conveniently use loans at affordable rates,” and added, “We will continue to provide better financial services through various products and platform linkages that help our customers.”

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