Nonghyup Bank has started reducing preferential interest rates for major credit loan products.
On the 1st, Nonghyup Bank announced on the 1st that it would reduce the preferential interest rates of ‘NH Employee Loan V’, ‘All One Employee Loan’ and ‘All One Minus Loan’, as well as ‘NH Employee Loan V’, the main credit loan product.
Among them, the total preferential rate limit for ‘NH Employee Loan V’ was reduced by 0.3 percentage points from 0.5% to 0.2%. In addition, the preferential rate limit for the non-face-to-face credit loan products ‘All One Employee Loan’ and ‘All One Minus Loan’ was also reduced by 0.2 percentage points from 0.4% to 0.2%. This is an additional measure following the reduction of the maximum credit loan limit from 100 million won to 20 million won.
Furthermore, Nonghyup Bank reduced the limit of credit loans and negative bank accounts from a maximum of 50 million won to a maximum of 20 million won.
Reporter Minho Shin, Global Economics, sho634@g-enews.com
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