For those of you who are using Kakao Bank emergency loans, how to extend them, why and how to deal with them, we will look at how to extend Kakao Bank emergency loans, how to deal with them, how to deal with them, how many times to extend them, how long they have been texted, and how to extend them in this article. 카오뱅크 비상금대출 연장
Table of Contents
Kakao Bank’s emergency loan limit
Kakao Bank’s emergency loan interest rate
Interest on Kakao Bank’s emergency loans overdue
Kakao Bank’s Emergency Loan Extension Text
Number and duration of Kakao Bank emergency loan extension
How to extend Kakao Bank emergency loan
Reasons for Refusing to Extend Kakao Bank’s Emergency Loan
How to cope with Kakao Bank’s refusal to extend emergency loans
1. Raising credit score
2. Try products available to low-credit people
3. In case Seoul insurance is not guaranteed
Kakao Bank Emergency Loan Extension Review
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Information on Kakao Bank emergency fund loans
Writing on loan information
Kakao Bank’s emergency loan limit
Kakao Bank emergency loan is a product with a limit of 3 million won. jasminevista.com
Kakao Bank’s emergency loan interest rate
Interest rates may be in the lowest 5% range, but this is a case of very high credit ratings and is practically impossible.
On average, it is around 7-8%. In addition, interest rates do not change during the loan period even if social phenomena such as exchange rates change once you receive a non-emergency loan.
Interest on Kakao Bank’s emergency loans overdue 
It should be noted that if the amount is unpaid as of the interest payment date every month, overdue interest of the loan interest rate + 3% per year will occur.
Above all, the problem is that the credit rating falls, and there is a high possibility that approval will not be better the next time you take out a loan.
Kakao Bank’s Emergency Loan Extension Text
When Kakao Bank’s emergency loan expires, an extended text message will be sent, and a period extension agreement can be made 30 days before the maturity date and must be completed before the maturity date.
Number and duration of Kakao Bank emergency loan extension
Kakao Bank emergency loan can be extended once a year and can be extended up to 10 times for 10 years, but you have to remember that interest rates rise every time you do it, and if you apply, it will not be approved unconditionally.
Kakao will decide the extension after checking how faithfully the repayor repaid and whether the credit score has been maintained.
How to extend Kakao Bank emergency loan
The initial application and extension of the loan are available from 6 a.m. to 11 p.m. (23 p.m.).
When the Kakao Bank emergency loan expires, you will receive a text message extending the emergency loan, and you can check the loan conditions on the Kakao Bank app first and proceed as follows.
1. Access the Kakao Bank app and click “Account”
2. Click “Emergency funds due”
3. Click “Extend”
Reasons for Refusing to Extend Kakao Bank’s Emergency Loan
It may be rejected for the following reasons. This is a common problem not only for Kakao Bank, but also for other emergency loans such as Woori Bank, Toss Bank, and Shinhan Bank.
Whether they hold non-banking liabilities
If the credit rating is below grade 6
In the case of a customer who is excessively using cash services, credit card loans, etc
Where it is difficult to examine a guarantee due to the inability to issue Seoul guarantee insurance
Where he/she has a history of rehabilitation, bankruptcy, immunity, etc
How to cope with Kakao Bank’s refusal to extend emergency loans
1. Raising credit score
In most cases, credit scores are low. In fact, Kakao Bank’s emergency loan application conditions are subject to credit ratings 1 to 8, but it was difficult to find cases of loans for those with grades 7 and 8.
You can increase your credit score through the following methods.
Make a credit card and pay it back after consumption
Paying utility bills such as telecommunications fees, national pensions, and health insurance premiums to credit rating agencies such as Nice and KCB (I will tell you how to pay the payment history of Nice utility bills below)
You pay utility bills such as communication fees, water and electricity taxes yourself (if you are independent of your parents)
Nice way to make a history of paying utility bills
2. Try products available to low-credit people
If you can’t borrow due to your low credit score, you can try government-run products for low-credit people or Peppers emergency loan products, which are the second financial sector.
Top 4 emergency fund loans in the financial sector
Is it possible to duplicate emergency loan(two, several)? Kakao Bank, etc
In the case of small living expenses loans, you can borrow up to 1 million won as a product implemented by the government for people who have a low credit rating and are unable to borrow from the financial sector. Please refer to the link below for more information.
Find out up to KRW 1 million in micro-living expenses loans
3. In case Seoul insurance is not guaranteed
It may be possible to try Woori Bank’s emergency loan, which identifies credit by calculating communication grades, not K-Bank, Toss Bank, Shinhan Bank, and Kakao Bank, which are conditional on Seoul insurance guarantees.
Limit: 3 million won
Interest rate: 7.2% to 12% per year (many preferential interest rate matters)
Duration: 1 year
Learn more about Woori Bank’s emergency loans
Kakao Bank Emergency Loan Extension Review
If you apply for an extension of the Kakao Bank emergency loan, Kakao will make a decision after screening. If you receive an extension, the period will increase for another year, but the limit is fixed at 3 million won.
Interest rates are higher than before the extension, so it is a matter to decide carefully, and even if you are overdue or don’t spend money after the extension, you can reduce the limit later and have problems with your credit rating, so you need to plan for repayment carefully.
Kakao Bank’s Tips for Extending Emergency Money Loans
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We learned how to extend Kakao Bank emergency loan and how to deal with rejection. I hope it helps you, and you can also check the related loan information below.