Major banks lock their credit loan doors by the end of the year. Shinhan Bank announced on the 22nd that it will stop accepting new branch credit loans from the 23rd to the 31st. This is the next step after it stopped accepting new mobile credit loans on the 15th. The reception of new loans will resume from January 4 of next year.
Shinhan, new suspension… National, limit reduction
Kookmin Bank also announced that it will not pay over 20 million won in credit loans until the 31st of this month. Even if the application amount does not exceed 20 million won, the loan is restricted if the size of Kookmin Bank’s credit loan, including the corresponding loan, exceeds 100 million won. Only ten days ago, it restricted credit loans exceeding 100 million won, but the limit was sharply lowered to 20 million won. However, loans are handled if the desired date of loan is after January 4 of next year or if the date of first sending of loan documents is before the previous day (21st). In addition, credit loans supported by various low-income finances were excluded from the restrictions on handling.
Hana Bank also decided on the 22nd to stop’Hana One Q Credit Loan’, its flagship non-face-to-face credit loan product from the 24th. There is no set time for the loan to resume. An official at Hana Bank said, “It is a decision to respond to the increase in loans.” Earlier, it is interpreted that Shinhan Bank and KB Kookmin Bank stopped credit loans or drastically lowered the limit. The reason that commercial banks have entered’close management’ is to prevent the expansion of risk due to the rapid increase in household loans at the end of the year. Financial authorities have repeatedly asked banks to manage the total amount of credit loans. The introduction of Basel 3 also had an impact. Basel 3 is the official name of the new capital soundness regulation introduced by banks from September this year.
Reporter Jiyu Hong [email protected]