"Switch to Low Interest Rates and Repay Well to Earn Points"…Naver Pay Debt Consolidation Loan Launched

Earn Up to 100,000 Points for On-Time Payments Without Delay

The Naver Pay refinancing loan service has been launched. An event is also being held that provides cash-equivalent points for diligent repayment.

Naver Financial announced on the 31st that it is launching the refinancing loan service "Naver Pay Loan Switching." This service allows users to easily switch their existing credit loans to new loans offering more favorable limits and interest rates.

Currently, a total of 13 financial institutions have joined, including three first-tier banks: Hana Bank, Woori Bank, and SC First Bank. Additional institutions will join as partnership agreements with each financial company are finalized.

Naver Financial emphasized that the interest rates of savings banks are at the lowest level. This is because they applied a method that reflects the reduction in loan brokerage fees as an interest rate reduction, based on the exclusive business agreement signed last month between Naver Financial and the Korea Federation of Savings Banks. All 18 savings banks participating in the refinancing loan infrastructure will sequentially join the Naver Pay Loan Switching service.

The usage method is simple. After searching for "Naver Pay Loan Switching" and entering the service screen, users can verify their identity and then check their current loans. When selecting the loan to switch, income documents required for refinancing loan screening, such as the health insurance premium payment certificate, are submitted at once through the Naver Certificate. Afterwards, users can check the list of loans available for refinancing. Since accurate income information is reflected without manual input or scraping, users can check relatively accurate limits and interest rates compared to the actual financial institution’s screening results.

Also, with the "Switching Calculator," users can select preferential interest rate conditions to lower the interest rate further, and simultaneously check the total interest cost savings, additional loan limits available, and early repayment fees compared to existing loans. Once the loan selection is complete, the actual switching procedure proceeds on the platform of the selected financial institution.

Meanwhile, Naver Pay is also conducting an event to encourage diligent repayment. During the pre-application phase, all users of Naver Pay Loan Switching were provided with interest support point tickets through the "Nationwide Interest Support Event." Until the end of this year, users will receive 1,000 Naver Pay points just for checking loans available for switching. Users who take out loans through refinancing or credit loan comparison and make timely repayments up to the second installment without delinquency will receive 10,000 to 50,000 Naver Pay points each time, up to a maximum of 100,000 points.

Park Sang-jin, CEO of Naver Financial, said, "In a high-interest rate period, Naver Pay Loan Switching allows for rational decision-making and will be especially helpful to financial consumers in the secondary financial sector who bear a heavy interest burden. Going forward, we will differentiate ourselves as a platform that not only mediates loans but also helps reduce the interest burden for the entire nation and supports a healthy financial life with good repayment habits."

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