NH Nonghyup Bank, "We Waive Prepayment Penalties on Household Loans"

The NH Nonghyup Bank Gyeongnam Headquarters will temporarily waive prepayment penalties on household loans for the month of December to alleviate the repayment burden on financial consumers caused by prolonged high interest rates.

NongHyup Gyeongnam Headquarters.

By implementing this 'Temporary Waiver of Prepayment Penalties on Household Loans,' customers are expected to save fees ranging from 0.6%P (credit loans) to 1.4%P (secured loans) when repaying household loans, actively supporting customers with repayment capacity to repay their debts without burden.

Moreover, the waiver also includes vulnerable borrowers (NICE CB score of 804 or below) using policy mortgages (Bogeumjari Loan and Qualified Loans), thereby actively supporting customers who were previously in blind spots.

In September this year, the NH Nonghyup Bank Gyeongnam Headquarters also fully implemented the 'Waiver of Prepayment Penalties on Provincial Small Business Policy Funds (for loans handled after the implementation date),' reducing the repayment burden for small business owners in the province.

Jo Geun-su, Head of the Gyeongnam Headquarters, stated, “Through this temporary waiver of prepayment penalties on household loans, we will take the lead in practicing win-win finance and strive to become the NH Nonghyup Bank Gyeongnam Headquarters that provides practical and continuous support to the residents of Gyeongnam who are facing difficulties.”