Busan Bank Cuts Interest Rate on 'Saehimang Holssi' Inclusive Finance Product by 1%p

Support of 60 Billion Won Provided Until Year-End
to Ease the Burden on Financially Vulnerable Groups

BNK Busan Bank announced on October 31 that it will lower the interest rate on new loans for its flagship inclusive finance product, the 'Saehimang Holssi Loan,' by up to 1.0 percentage point until the end of the year, in order to ease the financial burden on low-income individuals and financially vulnerable groups.

Through this measure, Busan Bank aims to enhance financial accessibility for low-income groups and further strengthen its commitment to inclusive finance. The preferential interest rate will be automatically applied to customers who newly utilize the Saehimang Holssi Loan, without any additional application process, and a total of 60 billion won in support will be provided until the end of the year.

Shin Sik, Head of the Personal Customer Group at Busan Bank, stated, "This interest rate reduction is a sincere effort by Busan Bank to reduce the financial burden on low-income individuals and improve financial accessibility," adding, "We will continue to expand our consumer-focused institutional improvements and support for financially vulnerable groups in the future."

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