BNK Busan Bank Launches Mobile Banking Mortgage Loan Transfer Service

Refinancing Mortgage Loans from Other Financial Institutions Without Visiting Branches Starts on the 9th

Linked with KakaoPay and Other Refinancing Loan Comparison Platforms, Expanding Partnerships with Companies like Toss

Busan Bank is launching a mortgage loan transfer service.

BNK Busan Bank launches mobile banking loan transfer service for mortgage loans.

BNK Busan Bank (President Bang Seong-bin) announced on the 9th that it has expanded the ‘Loan Transfer GO!’ service to include mortgage loans, allowing refinancing applications through its mobile banking app.

Launched in May last year targeting personal credit loans, Busan Bank’s loan transfer service ‘Loan Transfer GO!’ achieved remarkable results, surpassing 100 billion KRW in transaction volume within seven months of its launch.

With this service enhancement, customers can now refinance mortgage loans from other financial institutions without visiting a branch. The eligible financial institutions for refinancing include a total of 32 companies such as banks, savings banks, capital companies, and insurance firms.

For those who find mobile banking difficult to operate, refinancing loan assessments can be conducted by visiting the nearest Busan Bank branch.

Previously, when refinancing loans from other financial institutions required a branch visit, customers had to personally verify the outstanding loan balance, interest, and prepayment penalties, which was a cumbersome process. Now, with customer consent, Busan Bank staff directly verify these details and proceed with loan assessment and repayment.

Additionally, Busan Bank has linked with KakaoPay and NaverPay’s mortgage refinancing comparison platforms to allow more customers to compare loan products, and plans to expand partnerships to platforms such as Toss in the future.

Kim Yong-gyu, Head of Customer Marketing at Busan Bank, stated, “With the enhancement of the ‘Loan Transfer GO!’ service, customers can now easily switch mortgage loans from other financial institutions to Busan Bank. Busan Bank will continue to strengthen its customer-centric credit operation system and provide innovative digital financial products and services that meet the demands of the times.”

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