BNK Busan Bank Launches 'National Property Purchase Loan'

BNK Busan Bank has launched the first-ever loan product in the financial sector for customers purchasing state-owned property, called the ‘Loan Connecting State-Owned Property and the People’.

This loan is a public interest product developed in response to the government’s policy to expand the utilization of state-owned property, based on the ‘Business Agreement to Enhance Public Convenience in Using State-Owned Property’ signed in May between Busan Bank and the Korea Asset Management Corporation.

The loan applicants are buyers who have signed a sales contract for state-owned property with the Korea Asset Management Corporation. Corporate customers can borrow up to 3 billion KRW, and individual customers can borrow up to 1 billion KRW.

Promotional image for 'Connecting National Property and Citizens through Loans'.

Corporate customers using this product are offered a special interest rate reduction of up to 0.3%p, and individual customers up to 0.2%p. Additionally, a preferential interest rate of up to 1.0%p granted by branch managers will be applied to further ease the financial burden on customers purchasing state-owned property.

The special interest rate reductions include ▲0.2%p for micro and small business owners ▲0.2%p for startup companies ▲0.1%p for job-creating companies ▲0.1%p for families with multiple children ▲0.1%p for single-parent families ▲0.1%p for those supporting elderly parents.

Detailed information about this product can be obtained at all Busan Bank branches and customer centers.

Lee Suchan, Head of Credit Sales Division at Busan Bank, said, “We expect that the launch of the Loan Connecting State-Owned Property and the People will greatly contribute to the activation of state-owned property utilization,” and added, “We will continue to be a reliable partner contributing to regional development through various financial support policies.”

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