Busan Bank Launches 'Speed Loan' Mobile Credit Loan Completed in 90 Seconds!

Busan Bank Customers Have No Supporting Documents and No Transaction Records

[Asia Economy Yeongnam Reporting Headquarters Reporter Kang Woo-kwon] BNK Busan Bank announced on the 7th that it has newly launched an online and offline loan product called ‘Speed Loan’ that allows customers to quickly and conveniently access necessary funds.

‘Speed Loan’ is offered to Busan Bank customers by granting a pre-approved limit and interest rate through a preliminary review at the end of each month, enabling customers to easily execute loans without additional documents or re-examination upon request.

In particular, when using the product through the ‘BNK Busan Bank Mobile Banking’ app, it is possible to apply for and execute the loan within 90 seconds without visiting a branch.

Salaried employees can borrow up to 30 million KRW, while self-employed or other income earners can borrow up to 20 million KRW, with loan interest rates as low as 5.87%.

Loan repayment options include lump-sum repayment, installment repayment, and overdraft loans, with loan periods ranging from a minimum of 6 months to a maximum of 5 years depending on the repayment method.

Son Dae-jin, Head of Credit Sales at Busan Bank, stated, “This is a credit loan product that customers who urgently need funds can use quickly and conveniently.” He added, “As a partner of the regional economy, Busan Bank will continue to provide differentiated financial services centered on customers.”