It has been researched that the application rate or acceptance rate of Internet-only banks is higher than that of commercial banks.
The Power of the People Looking at the data received by Representative Yoon Chang-hyun from the 5 main commercial banks and internet banks alone, 550,000 of the 8.7 million loan accounts that can apply for requests to cut interest rates from the 5 commercial banks, including Shinhan Bank last year, actually applied for about 550,000 accounts. The average application rate was 6.33%.
At NH Nonghyup Bank, only about 25,000 (1.56%) of the 1.6 million accounts were eligible to apply for lower interest rates.
The acceptance rate against all eligible accounts was 1.01% for NH Nonghyup Bank and an average of 2.38% for the five major commercial banks.
On the other hand, out of 5.7 million loan accounts eligible to apply for the right to request a lower interest rate from Internet banks alone, 1.42 million accounts were actually applied for and 270,000 accounts with interest rates lower, respectively, showing application and acceptance rates. of 24.96% and 4.71%, respectively
Looking at the range of interest rate cuts following the acceptance of the right to lower interest rates, commercial banks varied from 0.13% (Woori Bank) to 0.42% point (NH Nonghyup Bank), but only internet banks varied from 0.38% point (Kakao Bank) to 0.76% point (Toss Bank) It was spread over the central bank, and the rate cut was higher than commercial banks.
Representative Chang-Hyeon Yoon said, “Commercial banks also need to benchmark internet-only banks to reorganize the application process more conveniently, and from the customer’s perspective, increase the acceptance rate of interest rate cuts and expand the scope of the cuts in big..”
