Jae-myung Lee, Governor of Gyeonggi Province. News 1
Gyeonggi Governor Lee Jae-myung refuted an article expressing concern about basic loans, emphasizing the effectiveness and necessity of basic loans. In addition, it announced that it is reviewing basic loans that provide long-term loans for 10 to 20 years at an interest rate of 2% to 5 million to 10 million won to all residents of the city.
Lee said through Facebook on the 7th, “The bank guarantees 100% repayment of the principal, so there is no risk at all, and if the Jig guarantee is accumulated by accumulating a loss compensation allowance rather than a direct loan of 50 billion won, it is several times to several tens of times according to the expected loss rate. “It can give you more financial benefits.” This is a rebuttal to some of the media under the point that’the banknotes are feeling a lot of pressure after Gyeonggi Credit Guarantee sends an official letter to major banks that they are suspicious of the basic loan product that this branch has been promoting.’
Lee said, “Since it is a safe product with 100% repayment guarantee (from the bank’s point of view), there is no risk of loss even if you actually make a loan. He said, “It’s ridiculous to feel the burden of inquiries about products that have zero risk of loans, although the job that is quick to calculate is a banker.”
Governor Lee also explained about the loan system Gyeonggi Province is already implementing for low-credit residents. He said, “I’ve been doing’ultra-low credit loans’ of 500,000 to 3 million won with a budget of 50 billion won since last year.” “We are considering a policy that the Gyeonggi Credit Guarantee Foundation guarantees the full amount of the loan principle so that it will give long-term loan opportunities and benefit even low-credit people.”
“This is the Gyeonggi-do-style basic loan policy. If the central government invests only a part of the budget and introduces the basic loan system, the welfare budget can be reduced, and the financial monetary policy, which is rarely working, works to some extent, helping to recover the economy. “I want to show that I can do it.”
Reporter Lee Hae-jun [email protected]
