Financial Services Commission Chairman Kim Joo-hyun is speaking at an on-site meeting on financial support for low-income people held at the Financial Integration Support Center in Jung-gu, Seoul on the 5th. Yeonhap New
The financial authorities will launch ‘Crown Finance Itda’, a comprehensive platform that allows users to compare policy loans and private loans at a glance, in June. The plan is to upgrade it to ‘Support for the Common People’ by not only comparing loan interest rates but also adding functions such as financial welfare for the common people.
On the 5th, the Financial Services Commission announced that it would operate Microfinance Itda, a comprehensive microfinance platform, within the first half of the year. This platform allows you to view private and policy microfinance products at a glance. In addition, everything from issuing a guarantee to issuing a loan can be done at once, and complex counseling such as employment and welfare linkage and debt adjustment, which were previously only provided face-to-face, can now be done non-face-to-face.
In the case of Itda, a microfinance company, it has increased convenience for consumers by enabling private and policy microfinance products from inquiry to loan at once. Until now, it has been difficult for users to understand all the terms and conditions of various policy products, but through the platform, users are guided to products with the most advantageous conditions, such as interest rates and limits, among similar products. The platform also provides information on financial companies that can issue guarantees to users and issue loans. By checking whether a financial company’s loan is approved at once, you can select a financial company that can provide a loan and receive a loan without having to visit the financial company multiple times.
It provides non-face-to-face complex counseling and loan follow-up management. Until now, users had to visit the Microfinance Integration Support Center in person to receive loan counseling, but in the future, users will also be able to apply for employment system linkage, employment support, debt adjustment, and welfare system linkage through non-face-to-face complex counseling.
The Financial Services Commission also plans to expand users’ options by expanding New Hope Spore and Side Stone Loans, which have been supplied mainly to second-tier financial institutions, to financial products for low-income people in the banking sector. In order to encourage the participation of financial companies, incentives will also be prepared to reflect platform linkage performance in financial companies’ evaluation items for supporting microfinance.
Chairman Kim Joo-hyun of the Financial Services Commission said, “This year’s keywords for microfinance policy are ‘enhancement of convenience for consumers’ and ‘support for self-reliance.'” He added, “We will continue to make it easier for users to find the product that is right for them among the complex and diverse products offered by financial companies and the Korea Inclusive Finance Agency.” “We will continue to promote efficiency in our products and operating systems,” he said.
2024-01-06 07:11:26
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