Gwangju Bank Launches KJB Excellent Company Employee Loan

Gwangju Bank has launched the 'KJB Excellent Company Employee Loan' for employees of outstanding local companies and public service workers. Photo by Gwangju Bank

Gwangju Bank announced on September 3 that it has launched the "KJB Excellent Company Employee Loan" for employees of outstanding local companies and public service workers.

This product was created through agreements with Seoul Guarantee Insurance (SGI) and outstanding companies. The main targets are employees working at companies that have signed such agreements and public service workers who do not receive civil servant pensions. Through this new product, Gwangju Bank aims to improve financial accessibility for workers struggling to secure stable living funds and to contribute to the welfare of local residents.

The loan limit ranges from 1 million won to a maximum of 50 million won per person, and the loan period can be extended in one-year increments for up to 10 years. In addition, customers can make early repayments at any time without any additional fees, minimizing their financial burden.

The loan interest rate can be as low as an annual 4.04% if the applicant meets the requirement of at least 500,000 won in card usage in the previous month. Applications can be conveniently submitted through the Gwangju Wa Bank platform without visiting a branch, and before the loan is executed, customers must prepay the insurance premium directly through the Seoul Guarantee Insurance app.

Park Moonsu, Head of Data Product Strategy, stated, "This product was launched to provide financial benefits not only to employees of leading local companies but also to public service workers who do not receive civil servant pensions." He added, "Going forward, we will work to expand our partner companies not only in Gwangju and Jeonnam but nationwide, so that more customers can receive substantial financial benefits."

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