Quickly Without Document Submission... BNK Busan Bank Launches 'One Speed Loan'

BNK Busan Bank announced on the 30th that it has launched the ‘ONE Speed Loan,’ which allows customers to quickly obtain loans without submitting separate documents.

The ONE Speed Loan selects eligible customers through a preliminary review at the end of each month and provides immediate loan support upon customer request. Salaried employees can borrow up to 50 million KRW, while self-employed individuals or those with other income sources can borrow up to 40 million KRW. However, the loan application must be submitted within one month after being selected as eligible.

Loan repayment options include lump-sum repayment, installment repayment, or overdraft loan, with loan terms ranging from a minimum of 6 months to a maximum of 5 years depending on the repayment method. Detailed information about the product can be found on Busan Bank’s mobile banking app or at any branch.

Lee Soo-chan, Head of Credit Sales at Busan Bank, stated, “We developed this credit loan product to allow customers to use it quickly and easily without complicated screening,” and added, “Busan Bank will continue to make active efforts to launch differentiated financial products centered on customers.”