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| As a result of a poll conducted by Gyeonggi Province on November 14, 2020 with 1,000 residents, 72% of respondents answered that it is’appropriate’ for the introduction of’basic loans’ (provided by Gyeonggi Provincial Office)/© News 1 |
The Gyeonggi Credit Guarantee Foundation has started in earnest to implement’Basic Loan’, one of Governor Jaemyung Lee’s policies.
Gyeonggi Shinbo announced on the 5th that it had sent a’Gyeonggi-do type basic loan pilot operation (proposal)’ to commercial banks at the end of last month.
The key is to ask whether a bank note can loan at 3% of the open interest of up to 10 million won, and to discuss.
The basic loan that Governor Lee is advocating is a policy that guarantees 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 all the citizens, instead of providing them with an opportunity for low-interest and long-term loans of 1 to 2% enjoyed by high-income and high-income people.
The Governor is preparing to implement a basic loan that lends 10 million won of funds at a low interest rate for 10-year repayment, and plans to start a pilot operation this year.
In the official letter sent by the Gyeonggi Shinbo to commercial banks this time, the Governor’s idea was contained intact.
An official from the Gyeonggi Shinbo said, “This official letter was simply an inquiry about whether banknotes could be used to implement basic loans, but nothing has been confirmed yet.”
On the other hand, Gyeonggi Province has been implementing the de facto basic loan’micro loan for ultra-low credit’ since last year.
Microloans for ultra-low creditors are 1% annual interest for 5 years (can be extended up to 10 years) for Gyeonggi-do citizens with a credit rating of 7 or less (87,5653 as of August 31, 2018) for a period of residence in the province of 1 year or more. 500,000 won per person is immediately loaned out without consideration. If there is an urgent situation, it is possible to borrow up to 3 million won.