광주은행 햇살론뱅크Did you know that the Sunshine Loan is a policy finance product for the common people? It is operated with government funds and is a policy finance product created to help the common people who are struggling financially. We learned about Shinhyup Sunshine Loan, but today we will learn about Gwangju Bank KJB Sunshine Loan, which has a better interest rate than Shinhyup.
KJB Sunshine Loan Bank
KJB Sunshine Loan Bank – Refer to the website
Worker Sunshine Loan is a loan product that the government supports to improve financial accessibility and ease interest burden for low-income, low-credit workers who have difficulty accessing institutional finance through a guaranteed loan.
It is a policy finance product jointly guaranteed by the Banking and Small Business Finance Promotion Agency designed to help customers who use policy finance products for the common people settle into institutional finance by increasing their credit rating without repeatedly using high-interest loans from secondary financial institutions because they cannot cross the threshold of the banking sector.
KJB Sunshine Loan application qualifications are customers who can be issued a certificate of guarantee by the Korea Small Business Corporation, and must meet all the qualification criteria of employment, income, faithful repayment, debt improvement or credit improvement.
Must have been employed at the current workplace for 3 months (if changing jobs, it is recognized if employed for more than 1 month and receiving salary income) and have an annual income of 35 million won or less. (However, if the personal credit score is in the bottom 20%, it is possible if it is 45 million won or less)
Must have been in business for 3 months or more and have an annual income of 35 million won or less. (However, if the personal credit score is in the bottom 20%, it is possible if it is 45 million won or less)
Must have received a pension at least once and have an annual income of 35 million won or less (However, if the personal credit score is in the bottom 20% of 100, it is possible if it is less than 45 million won)
Users who have faithfully repaid policy small business finance products (Haetsal Loan 15, Haetsal Loan 17, Change Dream Loan, Safety Net Loan, Safety Net Loan 2, Saehui Hope Holssi, Microfinance, Worker Haetsal Loan, Business Haetsal Loan, Haetsal Loan Youth) for more than 6 months (currently, in normal use or those who have normally paid off within the past 3 years)
Those whose total debt balance as of the guarantee application date has decreased compared to 1 year ago, or whose NICE or KCB credit score as of the guarantee application date has improved compared to 1 year ago
Customers who cannot confirm payment of health insurance premiums based on income, such as freelancers
1. Those who are subject to restrictions on issuing guarantees and whose guarantee issuance has been rejected
2. Those who have credit management information with the Korea Credit Information Service
3. Those who have overdue loans from financial institutions as of the loan application date
4. Those who have applied for guarantees as determined by our bank Non-qualified persons for Goddess
1. The loan limit of KJB Sunshine Loan of Gwangju Bank is determined within the amount of the guarantee certificate of the Small and Medium Business Finance Promotion Agency, and is applied differently for each individual.
– Determined from a minimum of 5 million won to a maximum of 25 million won –
– Differential application according to the Small and Medium Business Finance Promotion Agency’s own guarantee CSS grade and credit, debt improvement, etc.
– Calculated by deducting the loan amount of Sunshine Loan Bank and other products of the Small and Medium Business Finance Promotion Agency
2. The loan period of KJB Sunshine Loan of Gwangju Bank is 3 or 5 years.
The loan interest rate of KJB Sunshine Loan of Gwangju Bank is the base rate + additional rate – preferential rate.
– Base rate: 4.01% (MOR fixed), calculated as a period-based financial bond announced by Korea Asset Rating and KIS Bond Rating. Almost all banks apply similarly. – Additional interest rate: 4.22 ~ 7.33% per annum
(The additional interest rate for each customer is applied differentially based on the base rate, our own credit rating, or personal credit score)
– Preferential interest rate: Preferential within the maximum 0.99%
♣ Social consideration target: 0.90% (If at least one of the following applies: single-parent family, grandparent family, multicultural family, North Korean defector, registered disabled person, national basic livelihood recipient, sub-low income class, earned income tax credit recipient, or self-supporting worker, it is eligible, but preferential application is not possible for new non-face-to-face applications)
♣ Financial education, consulting completion: 0.09% (If it is confirmed that you have completed financial management education or credit, debt management consulting of the Small and Medium Business Administration at the time of applying for the guarantee, it will be automatically reflected in the computer system, and preferential application is possible even in non-face-to-face applications)
♣ Low-income youth (34 years old and an annual income of 35 million won) Below) : 0.45% preferential
※ Please refer to the separate interest rate information page for the interest rate applied when executing the loan
The other details of Gwangju Bank KJB Sunshine Loan are as follows.
1. The repayment fee for the middle-aged is exempted, and the customer-borne guarantee fee is 0.9 ~ 2.0% of the guarantee balance (the guarantee balance is 90% of the loan amount, and is included in the loan interest rate, so there is no additional burden)
2. The Small and Medium Business Finance Promotion Agency guarantees 90% of the guarantee, and the bank guarantees 10%.
3. Documents to be submitted include an ID card, proof of employment (business) and income (not submitted separately when signing up non-face-to-face), and if you are a socially disadvantaged person, you must submit related proof documents. Additional documents may be required during the loan consultation.
I learned about Gwangju Bank KJB Sunshine Loan. The current loan interest rate may vary from person to person, but it is a good interest rate compared to savings bank interest rates at around 7 ~ 8%. However, I hope you don’t blindly take out a loan because the interest rate is low. Before taking out a loan, you should consider whether it is a loan that you really need, and the repayment plan, etc. Excessive borrowing can cause harm not only to you but also to those around you…
