Saemaeul Geumgo Provides Financial Support to Heavy Rainfall Victims: "Maturity Extension and Repayment Deferral"

Saemaeul Geumgo announced on the 17th that it will provide financial support for residents in areas affected by heavy rain.

Borrowers of Saemaeul Geumgo loans in the heavy rain-affected areas who obtain a 'Damage Confirmation Certificate' from the local administrative office and submit it to Saemaeul Geumgo can receive benefits such as loan maturity extension and principal and interest repayment deferral.

For debt deferral, if the existing loan is a lump-sum repayment at maturity, the maturity can be extended for up to one year from the date of application. For loans with principal and interest repayment, it can be converted to lump-sum repayment at maturity or repayment deferral can be supported for up to six months from the date of application. Customers who have suffered damage and apply for a new loan can receive a preferential interest rate of around 1.0%.

Debtors wishing to receive financial support can visit Saemaeul Geumgo from today until the 18th of next month to fill out and submit an application form.

A representative of the Saemaeul Geumgo Central Association stated, "The 1,293 Saemaeul Geumgo branches nationwide will actively participate in support measures such as volunteer work, supply support, and sharing the burden to help communities severely affected by this heavy rain," adding, "We will continue to do our best in our role as a financial institution for the common people."

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