Saemaeul Geumgo Promotes 'Customized Debt Adjustment' to "Dispel Concerns Over Real Estate Loans"

SaeMaeul Geumgo announced on the 17th that it will implement a 'customized debt adjustment' program to prevent delinquencies among vulnerable borrowers in advance, marking its 60th anniversary.

This debt adjustment program is independently promoted by SaeMaeul Geumgo. The targets for debt adjustment include not only household loan borrowers facing financial difficulties such as unemployment or business closure but also corporate loan borrowers in the real estate and construction sectors who are temporarily experiencing liquidity crises but can resume normal financial transactions through adjustment.

SaeMaeul Geumgo plans to provide customized debt adjustments based on the customer's situation, categorized into pre-delinquency, delinquency period less than 3 months, and delinquency period over 3 months, including ▲extension of loan maturity ▲interest rate adjustment ▲principal repayment deferral (up to 3 years) ▲interest repayment deferral (up to 1 year) ▲reduction of delinquency interest. The application deadline for debt adjustment is until the end of December this year.

An official from SaeMaeul Geumgo Central Association emphasized, "As debt adjustment opens the way for prompt support for real estate projects, SaeMaeul Geumgo will make every effort to dispel some concerns regarding real estate loans."

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