Kookmin Bank suspends credit loans exceeding 20 million won by the end of the year

Input 2020.12.22 08:58

KB Kookmin Bank has decided not to handle credit loans exceeding 20 million won by the end of the year. The phenomenon of a’loan cliff’ is becoming more pronounced as banks fully block credit loans under pressure from the financial authorities to manage household loans.

According to the financial sector on the 22nd, Kookmin Bank decided to block all new household credit loans exceeding 20 million won in principle from the day to the 31st. This means that if a consumer’s new application or request for an increase in credit loans (including collective credit loans and negative bankbooks) exceeds 20 million won, the loan will not be approved.

However, if the initial sending date of loans or loan documents executed after January 4 of next year is before the 21st, approval will be given. Credit loans supported by ordinary people’s finances (KB Intermediate Interest Rate Loans, KB New Hope Scepter II, KB Happiness Dream Loan II, etc.) can also be approved, the bank said.

Starting on the 14th, Kookmin Bank in principle stopped all household credit loans exceeding 100 million won by adding new and additional applications and existing cases. This is because, after the financial authorities announced their credit loan regulations last month, the demand for loans from’Young Kul’ increased and credit loans from major banks surged.

An official from KB Kookmin Bank said, “We took these measures to prevent a situation where the risk (risk) increases due to the rapid increase in household loans at the end of the year.”

Previously, Kakao Bank also stopped a new’minus bankbook credit loan’ for high-credit office workers from the 17th, and Shinhan Bank has not received applications for non-face-to-face credit loans from office workers through the’easy office worker credit loan’ product since the 15th. . Woori Bank also stopped selling’We WON Office Worker Loans’, the flagship product of non-face-to-face credit loans from the 11th.

Kookmin Bank and Shinhan Bank also stopped recruiting mortgage loans for housing and officetels and all-family loans through loan counselors. Hana Bank plans to reduce the basic limit for professional credit loans from 150 million won to 50 million won as early as the end of this month. Shinhan Bank has tightened the upper limit for professional credit loans from 250 million to 300 million won by job category to 200 million won.