자영업자 대환대출 신청방법In a modern society that has entered an era of rising prices and high interest rates, it is said that a low-interest refinancing loan program is being implemented for self-employed people and small business owners.
Let’s take a look at the qualifications and application methods for low-interest refinancing loans provided by the Credit Guarantee Fund to self-employed people and small business owners.
① This application is for business owners who are carrying out business activities normally at the time of application and are able to repay low-interest refinancing funds.
② Companies that cannot be considered to be carrying out normal business activities, such as suspension or closure, tax delinquency, or delinquency from financial institutions, are excluded from the refinancing program and should contact the “New Start Fund”.
③ Sole proprietor: Registered as a sole proprietor in accordance with the Value Added Tax Act
④ Small corporate business: A corporation registered as a corporate business under the Value-Added Tax Act with an average sales volume of less than KRW 1 billion to KRW 12 billion by industry.
※ You can check if you are eligible for support by clicking here to check if you are eligible for support on the Credit Guarantee Fund website.
① Loans handled until the end of May 22
– Considering the purpose of the system to support companies affected by COVID-19, applications can be made for loans processed until the end of May 2022.
– If the loan was received before the end of May 2022 and was renewed without an increase after June 2022, it is eligible for support.
② Bank/non-bank loans with an interest rate of 7% or higher
– Regardless of the history of interest rate changes before the refinancing application, if the interest rate applied at the “time of refinancing application” is 7% or more, it is a debt subject to refinancing
– Target loans are business credit and collateral loans handled by banks and savings banks, women’s companies (card companies, capital companies), mutual finance (credit cooperatives, Nonghyup, fisheries cooperatives, forest cooperatives, and Saemaeul Geumgo), and insurance companies.
※ However, in order to process refinancing smoothly, support is limited to loans handled by financial institutions whose loan information is registered in the Korea Credit Information Service.
③ Business loans (excluding household loans)
– Corporate loans such as facilities and working capital provided to individual business owners or small corporations holding a business registration certificate are eligible for support.
– However, loans that are difficult to consider as business loans or for which refinancing is not appropriate due to the nature of the loan are excluded from refinancing (see image below)
Loans excluded from the refinance loan program for the self-employed and small corporations
※ However, among household loans, loans for the purchase of commercial vehicles such as trucks and construction machinery (including installments) are loans for business purposes, so they are included in the refinance target even if they were initially treated as household loans (limited to cases where the borrower of the loan is a business owner)
3. Banks providing low-interest refinancing loans to self-employed people and small business owners (15)
You can run a refinancing program at the above-mentioned banks, and you can apply to the bank from Friday, September 30, 2022.
The refinancing program handles refinancing loans and refinancing guarantees together at a new lending institution according to the consignment guarantee method.
1) Refinancing loan limit per borrower
● Private company 100 million won
● Corporate small business KRW 200 million
2) Self-employed, corporate small business refinancing loan repayment structure
10-year maturity (3-year grace period, 7-year installment repayment)
3) Early repayment fee
Full exemption from early repayment fees for both existing and new loans
4) Guarantee ratio
90%
5) Guarantee fee rate
Fixed 1% per year, *0.3% point deduction for the first 3 years, and 15% lump sum discount of the total amount when the guarantee fee (10 years) is paid in full at the time of first repayment
6) Interest rate
It is determined according to the borrower’s credit rating, etc. within the interest rate cap for each period below.
● (1st to 2nd year) Up to 5.5% → Fixed interest rate for 2 years
● (3rd to 10th year) 1-year bank bond (AAA) + within 2.0%p
7) Application procedure
● Preparation before application
– Check the existing lender’s contact information and loan information in advance to quickly execute a new loan.
Example) Contact the existing lender to check the contact information
Name of person in charge (ex. Manager ○○○), direct telephone number, fax number, email address
– Check the information of the loan you wish to repay before applying for refinance.
Example) Existing lender branch name, loan balance, repayment amount
● Application for refinancing
– New lender: Apply for refinancing program
Non-face-to-face application: Apply for a refinancing program using the new lender’s app
Face-to-face application: Visit a branch of a new lender and apply for a refinancing program
● Refund screening
– New loan institution: Refinance screening process and result information
Please understand that if there are many applicants, screening may be delayed.
● Refund guarantee and loan agreement
– New loan institution: Refund guarantee and loan agreement concluded
Concluding exchange guarantees and loan agreements, requesting various consent forms, etc.
● Repayment of existing loan
– New lending institution: Repay existing loans by executing new loans
Active cooperation is required to repay the existing loan on the new loan implementation date.
– Existing loan institution: Confirm repayment of existing loan
After processing the repayment of the existing loan, a repayment receipt is sent to the new lender.
As above, we have looked at the Credit Guarantee Fund’s low-interest refinancing loan program for self-employed people and small corporations in detail.
We hope that you will be able to check the refinancing loan program’s support target and application method carefully and find it helpful in accordance with the purpose of the system.
This is a policy fund repayment loan program to support small business owners, and we hope that it will be an opportunity for all self-employed and small business owners.
thank you
