BNK Busan Bank Implements Loan Transfer for Jeonse Deposit Loans

Available on Mobile Banking App

BNK Busan Bank announced on the 1st that it has expanded the 'Loan Transfer GO!' service to include Jeonse deposit loan refinancing applications through its mobile banking application (app).

With customer consent, Busan Bank employees directly verify the repayment information of the loans subject to refinancing and proceed with loan screening and repayment. Previously, customers had to visit branches in person and bring information such as outstanding loan balances, interest, and early repayment fees from other financial institutions.

If operating the mobile banking app is difficult, customers can visit the nearest Busan Bank branch to undergo refinancing loan screening. The refinancing target institutions include a total of 22 financial companies such as banks and insurance companies.

The mortgage loan transfer service, which began on the 9th of last month, received approximately KRW 160 billion in applications and about 700 cases within 15 business days.

Kim Yong-gyu, Head of Customer Marketing Division at Busan Bank, said, “Since Jeonse deposit loans are financial products directly related to housing, we hope this expansion will help reduce interest burdens and stabilize housing. Busan Bank will continue to strive to provide financial consumers with better products and financial services.”

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