Shinhan Bank Launches Corporate-Only Loan Comparison Platform

Official Launch of the 'Loan&Biz' Website

Shinhan Bank announced on the 5th that it has launched 'Loan&Biz,' the nation's first corporate-exclusive loan comparison platform, and opened a dedicated website.

Loan&Biz allows corporate business customers to view and apply for various loan products at once, ranging from credit and secured loans to machinery and equipment leases. A total of 18 institutions, including Shinhan Bank and partner financial companies, are participating.

Corporate customers can register their information and complete corporate identity verification on the website, then apply for loan comparisons tailored to their funding purposes. After receiving proposals from partner financial companies, customers select the optimal loan conditions such as limits and interest rates, and the loan process proceeds offline with the financial institution.

Prior to the launch of Loan&Biz, Shinhan Bank operated a pilot service and conducted usability improvements since June last year. To celebrate the launch, Loan&Biz will also hold an interest cashback event of up to 3 million KRW for corporate customers using loans.

A Shinhan Bank representative stated, "We will continue to pursue partnerships with more financial institutions and develop a loan comparison platform that offers optimal solutions to corporate customers in need of business funds."

Meanwhile, in April last year, Shinhan Bank also launched a loan comparison service for individual business customers on Shinhan SOL Bank. Over nine months until the end of last year, about 30,000 individual business customers used the comparison service, resulting in approximately 2,000 loans totaling 47 billion KRW being executed.

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