BNK Busan Bank Waives Early Repayment Fees on Household Loans Until Year-End
BNK Busan Bank will waive early repayment fees on all household loans for one month until the 31st to reduce the repayment burden on financial consumers.
Customers using Busan Bank household loans can receive a full waiver of early repayment fees even if they do not meet the existing exemption conditions, such as repaying the amount with their own funds within three years of taking out the loan.
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However, some products entrusted for sale or transferred through agreements with other institutions, such as loans from the Housing and Urban Fund or the Korea Housing Finance Corporation, are excluded from the exemption.
Bang Seong-bin, President of Busan Bank, said, “We have decided to waive early repayment fees on all household loans to ease the repayment cost burden for local customers and marginalized groups at the end of the year,” adding, “Busan Bank will continue to review and discover win-win financial measures as a leading regional financial institution.”
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