KB Securities to Hold 'Credit and Loan Interest Rate Reduction' Event in 2024

Providing Credit and Loan Interest Rates at 4.2% Annually for 60 Days

KB Securities announced on the 8th that it will hold a 2024 "Credit and Loan Interest Rate Reduction" event to reduce customers' financial burdens during the ongoing high-interest rate period.

This event targets new customers or existing customers who have had no credit or loan transactions or no credit or loan balances from November 1, 2023, to January 26, 2024, among non-face-to-face and bank-linked individual customers, and offers an annual credit and loan interest rate benefit of 4.2% for 60 days until April 30.

After applying for the event, the annual credit and loan interest rate of 4.2% will be applied for 60 days starting from the next business day. After the event interest rate period ends, the credit and loan interest rates of the non-face-to-face, bank-linked account will apply without separate notice, and the interest rate of the first credit or loan month by item will be applied.

Additionally, to welcome the new year 2024, KB Securities will provide interest subsidy benefits so that customers can receive better financial benefits. Customers who transfer domestic stocks from other companies to KB Securities’ event application account and use domestic stock credit and loans will be eligible for a lottery-based interest subsidy for a total of 114 people according to the qualifying conditions. ▲ For net inflow of 200 million KRW or more and credit/loan balance of 200 million KRW or more, an interest subsidy of 2.5 million KRW (1 person) ▲ For net inflow of 100 million KRW or more and credit/loan balance of 100 million KRW or more, an interest subsidy of 1.2 million KRW (3 people) ▲ For net inflow of 50 million KRW or more and credit/loan balance of 50 million KRW or more, an interest subsidy of 500,000 KRW (10 people) ▲ For net inflow of 10 million KRW or more and credit/loan balance of 10 million KRW or more, an interest subsidy of 100,000 KRW (100 people) will be provided in cash. Also, customers who transfer overseas stocks from other companies to KB Securities’ event application account and use overseas stock loans will be eligible for an interest subsidy lottery for 114 people. The qualifying conditions for overseas stock net inflow amount and loan usage are the same as those for the domestic stock event.

Application for the event is mandatory and can be made through a non-face-to-face, bank-linked brokerage account capable of stock trading, limited to one account per person. However, customers who applied for the 2023 Credit and Loan Interest Rate Reduction Season 3 event (October 27 to December 31, 2023), customers receiving Prestige preferential rates or negotiated rates, and branch office accounts are excluded from the event application. When providing interest subsidies, a 22% tax and public charges will be borne by the customer.

Kim Young-il, Head of KB Securities M-able Land Tribe, said, “We have prepared an event offering interest rate discounts and additional interest subsidies for customers who wanted to use credit and loans but felt burdened by high interest rates. We will strive to become KB Securities that grows together with customers by providing not only events that offer real benefits but also digital financial services that help investment, such as platform advancement to ensure convenience in use.”