IBK, One-Month Waiver of Early Repayment Fees on Household Loans
IBK Industrial Bank announced on the 31st that it will waive all prepayment fees on household loans throughout November.
The bank will waive prepayment fees on all household loan products except for policy products such as Didimdol Loans and Bogeumjari Loans. The waiver will be applied automatically when customers repay their loans either by visiting a branch or through non-face-to-face channels, without the need for a separate application.
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An IBK Industrial Bank official stated, "We decided to waive prepayment fees to reduce the repayment burden on customers who are struggling due to high interest rates and high inflation."
This content was produced with the assistance of AI translation services.
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