DGB Daegu Bank Waives Early Repayment Fees on Household Loans for Vulnerable Borrowers

Targeting Borrowers with Credit Ratings of 7 or Lower Until the End of This Year

DGB Daegu Bank announced on the 19th that it will waive early repayment fees on household loans for financially vulnerable borrowers to alleviate their financial burden.

This fee waiver, which will be in effect until the end of this year, applies to borrowers with a credit rating of 7 or lower (based on the month prior to repayment) who are using household fund loans. Eligible borrowers will automatically receive the fee reduction whether they visit a branch or use non-face-to-face channels.

Daegu Bank operates various win-win financial programs for vulnerable borrowers, including a 0.5% interest rate reduction when newly taking out representative low-income financial products such as the Sunshine Loan Bank and New Hope Seed Loan II. The bank plans to expand measures for financially vulnerable borrowers even after implementing this waiver.

A Daegu Bank official stated, “We will do our best to continuously provide warm financial support for vulnerable groups despite the difficult economic environment, implementing warm finance.”

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