NH Nonghyup Bank Temporarily Suspends Some Non-Face-to-Face Credit Loans

NH Nonghyup Bank announced on the 14th that it will temporarily suspend the sale of some non-face-to-face employee credit loan products. The products whose sales will be suspended include NH Employee Loan V, All One Employee Loan, All One Minus Loan, and NH Thin Filer Loan. However, sales of credit loan refinancing products will not be suspended.

Commercial banks are consecutively suspending the sale of non-face-to-face products to strengthen year-end household loan volume management. Industrial Bank of Korea has suspended the sale of non-face-to-face loan products such as credit loans, mortgage loans, and jeonse deposit loans since the 29th of last month.

Woori Bank suspended the sale of non-face-to-face mortgage loans and jeonse deposit loan products from the 5th, and Shinhan Bank has also temporarily stopped selling all non-face-to-face loan products on its mobile application (app) since the 6th.

Yonhap News