Nonghyup, Shinhan, Woori, Hana, companies, and citizens applied from the 18th application
[그린포스트코리아 박은경 기자] Banknotes will further cut interest rates for small business owners related to the novel coronavirus infection (Corona 19) to 2.9%.
On the 14th, the Federation of Banks announced that six banks (Nonghyup, Shinhan, Woori, Hana, Enterprise, and Kookmin) will lower the maximum interest rate for the secondary financial aid program for small businesses to 2.9%.
This is a voluntary action following the decision of 12 banks to cut 1 percentage point from 4.99% to 3.99% in accordance with the financial aid program reorganization of the Financial Services Commission on the 29th of last month.
As a result, all small business owners who use the loan can receive a low interest rate of 2%. Additional cuts will be applied from the receipt on the 18th, and the first year warranty will be lowered from 0.9% for the first year to 0.3% for the first year.
In addition, an additional loan program of 10 million won is in progress for small business owners who suffered damage due to the collective restriction due to the revision on the 29th.
From the 11th, the group limited small business owners who receive 2 million won of the supporting fund are eligible, and an additional 10 million won can be applied regardless of whether or not the existing small business related loans are used.
Guarantee fees are deducted in full for the first-year guarantee fee during the 5-year loan period (2-year deferred 3-year installment payment), and a fixed 0.6% for the 2-5 year guarantee fee is applied.
The interest rate is the same as the secondary financial support program for small business owners, and the lowest interest rate is expected to be applied as the banking sector’s autonomous rate cut.
The subsequent interest rate cuts by banks are part of fulfilling social responsibility to share the pain of small business owners suffering from the re-proliferation of Corona 19.
An official of the Bank Federation said, “The banking sector will continue to strengthen funding so that small business owners can survive difficult times.”
Copyright © GreenPost Korea Unauthorized reproduction and redistribution prohibited