Shinhan Bank Supports Jeonse Fraud Victims with 2%P Interest Rate Cut and Legal Advice

Free Support for Litigation Costs and Attorney Fees
Also Offering Reduced Interest Rates on Jeonse Loans

Shinhan Bank has decided to support victims of jeonse fraud by covering litigation costs, attorney fees, and lowering interest rates on loan products.

On the 21st, Shinhan Bank announced that it will provide free legal aid and financial support for victims of jeonse fraud.

First, through the Korea Legal Aid Corporation, it will support victims of jeonse fraud with ▲litigation ▲attorney appointment ▲other legal consultations. Through this, victims will receive free reimbursement for actual expenses such as litigation costs and attorney fees incurred during the litigation process.

Applicants can visit the Korea Legal Aid Corporation located near the nearest court, call '132' without an area code, or apply through the online reservation system.

In addition, financial support has been prepared. Those who submit a certificate confirming jeonse fraud will receive a reduction of up to 2 percentage points in the interest rate on jeonse deposit loans for up to two years.

Also, for housing purchase loans needed when buying the relevant property or winning an auction, the interest rate will be reduced by up to 2 percentage points for up to one year. The loan limits are 150 million KRW for jeonse deposit loans and 200 million KRW for purchase loans, with additional support possible depending on the case.

A Shinhan Bank official stated, "Jeonse fraud victims often face lengthy processes for deposit refunds due to complex legal procedures such as auctions, and damages are often not resolved even with deposit insurance. We determined that legal support is essential for victims, which led to the establishment of this support plan," adding, "We will continue to consider practical and effective support measures for victims of jeonse fraud in the future."

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