Woori Bank-Shinbo, Launch of 'Woori Lee Ji-won Non-face-to-face Guarantee Loan'

Woori Bank announced on the 23rd that it has launched the 'Woori Easy-One Non-Face-to-Face Guarantee Loan' in collaboration with the Korea Credit Guarantee Fund.

Woori Bank, Jung-gu, Seoul. Photo by Jinhyung Kang aymsdream@

This product targets individual business owners with more than one year of business experience who are eligible for the Easy-One guarantee issuance by the Korea Credit Guarantee Fund. The loan limit is up to 100 million KRW, and the entire loan process?from guarantee issuance → loan application → document submission → loan agreement and execution?can be completed in a one-stop manner through the Woori WON Banking application without visiting the bank.

To launch this product, Woori Bank made a special contribution of 1 billion KRW to the Korea Credit Guarantee Fund. Individual business owners raising funds through this product can reduce financial costs through benefits such as ▲up to 100% increase in guarantee ratio ▲0.2% annual reduction in guarantee fees ▲additional interest rate benefits on policy funds for startup companies.

A Woori Bank official stated, “Through cooperation with the Korea Credit Guarantee Fund, customers operating individual businesses who find it difficult to visit the bank during business hours can now apply for loans easily via Woori WON Banking,” and added, “Going forward, Woori Bank will launch various products and improve services to provide more convenient financial support to individual business owners.”