Loan and Deposit Preferential Interest Rates... Hana Bank Launches 'Gyeonggi Youth Startup Bridge Finance Account'

Product Launch Following Agreement with Gyeonggi-do

Hana Bank is selling a bank account that offers preferential loan and deposit interest rates to young adults aged 25 to 34 living in Gyeonggi Province.

On the 30th, Hana Bank announced that it will launch the 'Gyeonggi Youth Bridge Finance Account' through an agreement with Gyeonggi Province.

The product is available to young adults aged 25 to 34 who have been continuously residing in Gyeonggi Province for more than 3 years or have lived there for a total of more than 10 years as of the application date. To open the account, applicants must apply for support and verify eligibility through ‘Gyeonggi Minwon 24’. Once confirmed as eligible, they can apply for the exclusive product remotely through Hana Bank.

The overdraft loan limit for this product is 3 million KRW at the initial account opening. Upon the first extension after one year, if the credit score is maintained or improved from the initial opening, the limit can be increased up to 5 million KRW. The loan maturity is up to 10 years, and the loan interest rate is 4.752% per annum (as of October 30, 2023, based on the standard interest rate new COFIX 6 months) as agreed with Gyeonggi Province.

Additionally, if the loan limit is not used, a preferential deposit interest rate of 2.7% per annum (as of October 30, 2023) applies to deposit balances up to 5 million KRW. Benefits such as preferential exchange rates for foreign currency exchange and remittance, as well as fee discounts for transfers to other banks and cash withdrawals, are also provided.

Furthermore, Hana Bank plans to select 100 young adults who use the ‘Gyeonggi Youth Bridge Finance Account’ diligently according to a pre-established financial plan and conduct overseas financial hub city exploration training.

A Hana Bank official said, "We hope this cooperative product will provide practical help for young adults to achieve economic independence and plan their future," adding, "We will continue to introduce various products and differentiated services to practice win-win finance."

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