Yanolja Supports Partner Store Owners in Overcoming COVID-19 Together with Shinhan Card

[Asia Economy Reporter Junhyung Lee] Leisure platform Yanolja announced on the 23rd that it will introduce a loan product more than 10% cheaper than the existing Shinhan Card business loan product to support its partner stores struggling due to the prolonged COVID-19 pandemic.

Yanolja conducts eligibility screening for Shinhan Card affiliated stores among its partners. According to the company, this loan product has lower eligibility requirements compared to other financial institutions. Loans can be obtained from a minimum of 500,000 KRW up to a maximum of 50 million KRW.

Previously, in September last year, Yanolja signed a business agreement with Shinhan Bank to provide customized financial support for small and medium-sized accommodation owners. Yanolja and Shinhan Bank have cooperated to expand the scope and benefits of financial support to help accommodation owners affected by COVID-19.

A Yanolja official said, "To provide practical support measures to partner store owners struggling due to the prolonged COVID-19 pandemic, we have prepared a plan to expand reasonable financial benefits together with Shinhan Card."