"10-Minute Loans" "Weekend Non-Face-to-Face Loans"... Positive Reviews for Finda Service

Positive Response to Personal Loan Comparison Service
in Collaboration with 77 Financial Institutions, the Largest in Korea

Loan brokerage and management fintech company Finda announced on the 11th that an analysis of over 1,000 user reviews of its loan comparison service from August to October 2023 revealed that the biggest advantage was 'quick loan execution.'

Among the more than 1,000 users who left reviews, nearly half (490 users) selected the message 'felt empowered.' This was followed by 'moved' (322 users) and 'good' (168 users).

Finda reported that users wrote comments such as "It took less than 10 minutes from loan screening to execution," "Loans were available remotely even on weekends," and "I applied through Finda without visiting a bank and the funds were deposited immediately."

Finda stated that matching the announced interest rate with the executed interest rate helped increase customer trust. Existing financial platforms may have discrepancies between the expected interest rate and the actual loan terms. Finda informed that users responded, "I received the loan at the exact interest rate announced by Finda."

Finda also confirmed many successful cases of refinancing loans (debt consolidation). Analysis of user reviews showed comments such as "I switched from card loans and capital loans in the secondary financial sector to the primary financial sector," "The interest rate dropped from 16% per annum to 8% per annum," and "By consolidating the number of loans, the monthly interest payment burden significantly decreased."

One user said, “I reduced my monthly payment from 550,000 won to 120,000 won by consolidating three existing loans into one through Finda.” Another user said, "My previous loan interest rate was 19% per annum, but through Finda, it dropped to around 9%, significantly improving my credit score."

A Finda representative said, "We have satisfied the demand of users seeking better cash flow," adding, "We will continuously improve our products and services to help users find products that fit their situations, such as office workers trying to save on monthly repayments, engaged couples preparing for marriage funds, and self-employed individuals needing loans for business operations."

Finda provides personalized loan comparison services in partnership with 77 financial companies, the largest number in Korea. From 2020 to last year, it brokered loans totaling approximately 12 trillion won. The cumulative number of users is 3.13 million.

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