케이뱅크 비상금대출loan
K Bank Emergency Fund Loan is a service that provides small loans to those in occupations who have difficulty receiving loans. Everyone sometimes needs money urgently. Recently, there are self-employed people who have difficulty operating their stores due to the coronavirus pandemic or people who need urgent money due to unavoidable circumstances. However, in order to receive a loan, you must meet qualifications and documents.
K Bank Emergency Fund Loan is a service that aims to provide loans in a quick and easy process. Although the limit is not high, the interest rate may be lower than a card loan.
K-Bank emergency fund loan is a loan provided through an agreement with Seoul Guarantee Insurance. The loan is made using an insurance policy issued by Seoul Guarantee Insurance as collateral. You can apply quickly using the app without submitting additional documents. However, you must be a Korean citizen over the age of 19 who can issue an insurance policy from Seoul Insurance to receive a loan.
The interest rate is 6.07~15.00% per year, and you can borrow up to 3 million won. If you take out a loan of 3 million won, the daily interest is about 498 won. As the loan conditions are not strict, the loan limit is not high. The current base interest rate is 4.08% for 12 months. When the base interest rate rises, the loan interest rate also rises.
* K Bank emergency fund loan – Loan interest rate: 6.07~15.00% per year – Loan limit: minimum 50 ~ maximum 3 million won
Because K Bank belongs to the first financial sector, it can be used at relatively low interest rates. The period of use is 1 year, and can be extended up to 5 years through review. Another feature is that there is no early repayment fee. If you earn a lump sum while using it, you can repay it right away. The only repayment method is lump sum repayment at maturity.
Any Korean over the age of 19 who can issue an insurance policy from Seoul Insurance can receive a loan. College students, housewives, and freelancers can also apply. Proof of income is not required, and the approval process is simpler compared to first-tier financial institutions. However, you must have a K Bank account to apply. If you go to the loan menu under [Product Benefits] in the K Bank app, you can check emergency fund loans as shown below. For information on how to open a K Bank account, please refer to the previous post to receive the lucky box benefits.
K Bank-Loan Service-Screen
If you go to the menu, you can check the limit and interest rate by using the ‘Check limit’ button.
The interest rate for overdue K Bank emergency fund loans is up to 15% per year. The additional interest rate for late payment is 3%. It is best to prevent late payments as much as possible, both financially and in terms of credit rating.
We found out what the K-Bank emergency fund loan is, the loan conditions, and how to apply. The moment you take out a loan, even if it is a small amount of 1 million won or 2 million won, your credit rating will drop regardless of the amount. Of course, if you repay later, your credit will be restored. Even if you don’t have too many financial transactions, it’s not good for your credit rating. Still, please carefully consider your needs and choose a loan carefully.
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