Gyeonggi Shinbo is promoting the development of financial products that can be borrowed from banks at low interest rates regardless of creditworthiness. /Photo = Gyeonggi Credit Guarantee Foundation
The Gyeonggi Credit Guarantee Foundation (Gyeonggi Shinbo) is promoting the development of financial products that can be borrowed from banks at low interest rates regardless of creditworthiness.
The Gyeonggi Newspaper announced on the 5th that it recently sent an official letter of’Gyeonggi-do type basic loan pilot management plan’ containing the contents of lending 5 to 10 million won per person at an annual interest rate of 3% for 10 years to a commercial bank in the province.
This can be seen as part of the’Basic Loan’ policy, one of Gyeonggi Governor Lee Jae-myung’s basic series.
The’basic loan’ insisted by Governor Lee is a policy to ensure fair use of low interest rates to all citizens by strengthening the publicity of finance.
The key point is to limit the loan amount to around 10 million won, which is the level of loans from lenders, rather than limiting the amount of loans to endless loans, rather than providing opportunities for low-interest long-term loans of 1 to 2% enjoyed by high-income and high-income people.
The Gyeonggi Newspaper said, “This official letter is a simple inquiry about whether banknotes can be used to implement basic loans, but nothing has been confirmed yet.”
It is known that the Gyeonggi Shinbo inquired about the availability of the product, the expected operating interest rate, and the estimated amount required for secondary preservation.
Bobae Lee, guest reporter at Hankyung.com [email protected]
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