Major commercial banks, which drastically reduced their loan limit at the end of last year or stopped lending themselves, are releasing credit from the new year.
Resumption of products that were discontinued at the end of the year
The limit on professional credit loans is reduced
– According to the financial industry on the 3rd, Shinhan Bank resumed non-face-to-face credit loans from the 1st, the first business day of the new year. From the 4th, branch credit loans will also resume. Shinhan Bank stopped mobile credit loans on the 15th of last month and credit loans at branch offices on the 23rd. KB Kookmin Bank will also lift restrictions on household loans in December. Since the 22nd of last month, Kookmin Bank has not paid over 20 million won in credit loans. Woori Bank is also planning to resume the sale of the’We WON Loan for Office Workers’, which had also been discontinued. Hana Bank is also contemplating when to resume its flagship non-face-to-face credit loan product, Hana One Q Credit Loan, which was discontinued on the 24th of last month. Kakao Bank resumed its’minus bankbook credit loan’, which had been suspended from the 17th of last month, from the morning of the 1st of this month.
It is the new year for commercial banks to resume credit loans, and regulations on the total amount of annual household loans imposed by the financial authorities are initiated. The financial authorities have urged commercial banks to comply with the total amount regulation when the annual household loan growth rate of 4-5% increased to 7% this year.
Although the door to credit loans, which had been suspended, will be reopened, restrictions on loans to high-income and high-credit users are expected to continue. Each commercial bank decided to continue the reduction of the credit limit for high-income and high-credit users that was implemented at the end of last year. From the 6th, Hana Bank will lower the credit limit for professional loans from a maximum of 150 million won to 50 million won. An official from the financial authorities explained, “It is the position of the financial authorities to take a close look at high credit loans, but to actively handle loans to ordinary people.”
Reporter Ahn Hyo-seong [email protected]
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