Pre-Screening Made Easy for Dongbaekjeon Local Currency Users
Up to 3 Million KRW Available, Maximum Term of 3 Years
A local currency-linked loan product that can be borrowed in urgent situations, even as 'pocket money,' has been launched in Busan.
BNK Busan Bank (President Bang Seong-bin) announced on the 15th that it has launched the 'Emergency Fund Dongbaek Loan,' which can be used quickly and conveniently without submitting separate documents.
The Emergency Fund Dongbaek Loan is a product that selects eligible customers through a pre-screening process at the end of each month for subscribers of the Busan local currency Dongbaekjeon app and provides immediate loans upon customer request.
Even customers who have difficulty proving income can easily use this service when they need an urgent small loan, as long as they are using Dongbaekjeon.
The loan limit is up to 3 million KRW, and the loan interest rate can be applied as low as 5.47% (as of January 15, 2025), including preferential interest rates based on Dongbaekjeon transaction performance.
The loan repayment methods can be chosen from lump-sum repayment, installment repayment, or overdraft loan, with loan periods ranging from a minimum of 6 months to a maximum of 3 years depending on the repayment method. When using the Busan Bank mobile banking app, loan applications can be made without visiting a branch.
Other detailed information about the product can be found on Busan Bank mobile banking or at any branch.
Shin Sik, Head of the Personal Customer Group at Busan Bank, said, “We have launched a small living expense product linked to the local currency Dongbaekjeon for customers who urgently need funds,” adding, “Busan Bank plans to actively provide practical financial support to realize a warm local community.”
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