Banksalad Unveils Loan Remodeling Service Based on DSR

First Industry Loan Remodeling Service
"Analyze Your Borrowing Limit After Checking Your DSR"

On September 25, Banksalad announced the launch of a service that remodels individuals' loan situations based on the Debt Service Ratio (DSR).

The Banksalad DSR service calculates the DSR to inform users of their additional borrowing limits and uses MyData to suggest optimal ways to lower their DSR.

It is the first in the industry to manage individuals' DSRs based on data and to provide a loan remodeling feature.

Banksalad analyzes individuals' loan status and DSR to help adjust excessively set limits for each product according to the customer's situation.

In particular, if there is an unnecessarily high limit compared to the amount used on a revolving credit line, or if the interest rate on a specific loan is excessively high, the service proposes remodeling by identifying loan products with better terms.

Users can easily check recent changes in their DSR over time and the available loan amounts from both primary and secondary financial institutions at a glance. The service also provides notifications when events affecting DSR occur, such as changes in income or interest rates, enabling efficient loan management.

The Banksalad DSR service incorporates the recently implemented three-stage stress DSR policy and will be updated in line with future policy changes.

A Banksalad representative stated, "Even after customers take out loans using MyData, we continuously analyze their limits and interest rates to help them make rational decisions," adding, "By promptly reflecting financial policies such as DSR, we will be able to support effective loan management."

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