BNK Gyeongnam Bank Launches 'Loan Connecting National Property and the People'

Up to 3 Billion KRW Support for Companies Signing Sales Contracts
Up to 1 Billion KRW Support for Individual Customers

BNK Gyeongnam Bank announced on the 8th that it has launched the ‘Loan Connecting State-Owned Assets and the People’.

The Loan Connecting State-Owned Assets and the People is a public interest financial product developed under the ‘Business Agreement to Enhance Public Convenience in the Use of State-Owned Assets’ signed last September between BNK Gyeongnam Bank and Korea Asset Management Corporation.

The target customers are buyers who have signed a sales contract for state-owned assets with Korea Asset Management Corporation. Corporate customers can receive support up to 3 billion KRW, and individual customers up to 1 billion KRW.

Corporate customers using the Loan Connecting State-Owned Assets and the People are offered a special interest rate reduction of up to 0.3%P, while individual customers receive up to 0.2%P.

The special interest rate reduction conditions are divided into corporate customer categories such as ▲micro and small business owners (0.2%P) ▲startups (0.2%P) ▲job-creating companies (0.1%P), and individual customer categories such as ▲multi-child families (0.1%P) ▲single-parent families (0.1%P) ▲elderly parent caregivers (0.1%P).

Additionally, to ease the economic burden on customers purchasing state-owned assets, an additional preferential interest rate of up to 1.0%P granted by branch managers is applied.

Park Sang-ho, Executive Director of the Credit Sales Headquarters, stated, “To respond to the government’s policy to expand the use of state-owned assets, we partnered with Korea Asset Management Corporation to launch the Loan Connecting State-Owned Assets and the People. By offering preferential interest rates to buyers using the loan, it will greatly contribute to revitalizing the use of state-owned assets.”

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