<대한금융신문=안소윤 기자> It was found that the demand for new loans nearly tripled after the interest rate of the’second emergency loan’ for small businessmen hit by the novel coronavirus infection (Corona 19) fell to 2% per year.
An additional loan of up to 10 million won for rent to small business owners in the limited collective business has attracted 13,000 people for five days.
According to the financial sector, the number of secondary loans for small business owners executed by five major commercial banks, including KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup, for five days from the 18th to the 22nd, totaled 7096 cases, totaling 127.3 billion won.
This is a 2.7 times increase from 2662 loans executed in the 2nd week of January (11-15). The loan amount increased 2.5 times from the second week (50.5 billion won).
Compared to the loans (2829 cases, KRW 54.9 billion) executed in the first week of January (4-8), each more than doubled.
Banknotes lowered the secondary loan rate for small business owners, which had previously been applied in the range of 2-4% per year, by up to 2 percentage points from the receipt on the 18th.
As a result, it is interpreted that the number and amount of loans last week increased markedly compared to before, as small business owners can receive secondary loans at a collective ‘2% per year’ interest rate at major banks.
The secondary loan size for small businesses, which began at the end of May last year, was set at a total of 10 trillion won, but compared to the primary loan, the maximum limit and interest rate conditions were disadvantageous, so the rate of consumption was slow.
Until the 22nd, the loan execution amount of the five major commercial banks was 2,749.5 billion won, and the number of executions was only 177974.
Small business owners are also continuing their steps in the’Shop Rental Loan’ of up to 10 million won, which was recently introduced through the Corona 19 special support program.
Rent assistance loans from five major commercial banks, including Kookmin, Shinhan, Hana, Woori, and Nonghyup, were received over the first five days from the 18th to the 22nd. The loan amount is 1306 billion won each 10 million won.
Banks began executing loans on the day of application, completing 4283 loans, which is a third of the number of applications received.
An official from the banking sector said, “As the economic recession continues, there is still a lot of demand for loans by small business owners,” and said, “Amid the bottoming out of the set amount of primary loans, we are absorbing demand through secondary loans by lowering interest rates.”
He added, “Even through a special loan program designed to reduce the burden of rent for small business owners, who have suffered concentrated damage due to group restrictions, emergency funds are being transfused.”
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