Saemaeul Geumgo Launches Insurance Contract Loan Rate Cut Event... 'Breathing New Life into Community Finance'

Up to 0.5% Interest Rate Reduction and Prizes for 2,400 Customers
Strengthening Support for Everyday Financial Needs

The Saemaeul Geumgo Central Association (President Kim In) is holding a “Customer Appreciation Event” that offers interest rate reductions and prize giveaways to customers who use insurance contract loans, aiming to ease the burden on members during this high interest rate era.

MG Saemaeul Geumgo Central Association Insurance Contract Loan Event

This event will run for one month, from October 15 to November 14.

During the event period, customers who use insurance contract loans can benefit from an interest rate reduced by up to 0.5 percentage points for up to three months.

Additionally, 2,400 customers will be selected by lottery to receive a variety of prizes.

An insurance contract loan is a loan product that allows customers who have subscribed to Saemaeul Geumgo insurance products to use their own insurance contract as collateral. It is not affected by credit rating and does not charge an early repayment fee, making it advantageous for securing short-term liquidity.

A representative from the Saemaeul Geumgo Central Association stated, “This will provide substantial financial support to ordinary people struggling with high inflation and high interest rates,” adding, “Saemaeul Geumgo will continue to expand practical, community-based financial services as a local financial institution.”

Saemaeul Geumgo had already implemented a uniform 0.3 percentage point reduction in interest rates for all insurance contract loan products last month, and this event provides an additional temporary interest rate reduction benefit.

Last year, 63,797 customers benefited from reduced interest rates on insurance contract loans, and in the first half of this year, 28,731 customers received the same benefit.

Customers who wish to participate can conveniently apply at a nearby Saemaeul Geumgo branch, the insurance support center, the insurance website, or through the insurance app.

This is not simply an interest rate reduction event, but is being evaluated as a “life finance relief measure” that breathes new life into the local economy. Saemaeul Geumgo’s philosophy of inclusive finance is translating into tangible benefits.

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