Unlock New Opportunities: K Bank Introduces Game-Changing Second-Lien Real Estate Secured Loans for Self-Employed Entrepreneurs

(K Bank)

K Bank announced on the 24th that it will expand its ‘CEO Real Estate Collateral Loan’, which was launched last month as the first internet-only bank, to a second-lien loan.

This product provides operating funds of up to 1 billion won to small business owners and other self-employed individuals, and the entire process from loan application to document submission and execution can be completed remotely through the K Bank application (app) without having to visit the bank.

Individual business customers who have received existing real estate collateralized loans can switch and expect interest savings, and prospective individual business customers preparing to start a business can also receive loans.

In particular, with this expansion of subordinated loans, if you need operating funds for your business even if you have loans from other financial institutions or lease agreements with the same collateral, you can receive additional loans from K Bank.

Loan execution is possible within two days, and the lowest interest rate among banks (as of the 23rd) is provided at around 4% per annum, which is the lowest among subordinated loans.

K Bank has also developed and is operating its own artificial intelligence (AI) system to verify whether the loan is intended for business operation funds. The business information in the business registration certificate is logicalized and compared and analyzed with the sales report data to verify whether the business reported by the customer and the sales information match.