K Bank Lowers 'Boss Credit Loan' Interest Rates by up to 1.92%P

K Bank announced on the 22nd that it has lowered the interest rates of the ‘Sajangnim Credit Loan,’ a product exclusively for small business owners and self-employed individuals, by up to 1.92 percentage points annually depending on the customer's credit rating.

The Sajangnim Credit Loan is a loan for small business owners and self-employed individuals who have been operating their business for more than one year after registering their business. Borrowers can choose between a one-year lump-sum maturity loan (with possible extension upon maturity) or equal principal and interest installment repayments over 1 to 3 years, with no early repayment penalty.

Following this interest rate reduction, the Sajangnim Credit Loan rates dropped from 4.97%?9.72% per annum as of the previous day to 4.69%?7.79% per annum as of this day.

Earlier this month, K Bank introduced the ‘Sajangnim Medium Credit Guaranteed Loan,’ a product exclusively for small business owners and self-employed individuals that allows loans up to 30 million KRW even with low credit scores. It also offers a ‘Comprehensive Income Tax Refund Service’ that uses artificial intelligence (AI) to identify missed tax credits or deductions when filing business income taxes, helping customers receive refunds.

A K Bank representative stated, "We decided to lower the interest rates of the Sajangnim Credit Loan to share the difficulties faced by small business owners and self-employed customers," adding, "We will continue to lead in practicing win-win finance through various products, services, and benefits."

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