KB Kookmin Bank Supports Small Business Owners and Self-Employed with 10 Billion KRW Interest Cashback

2% Interest Cashback for One Year
for Customers of the Regional Credit Guarantee Conversion Refinancing Loan

KB Kookmin Bank announced on the 31st that it will implement a "Regional Credit Guarantee Foundation and Korea Credit Guarantee Fund (Regional Credit Guarantee) Conversion Guarantee Refinancing Loan Interest Cashback Program" worth a total of 10 billion KRW to alleviate the interest repayment burden for small business owners and self-employed individuals.

The "Regional Credit Guarantee Conversion Guarantee Refinancing Loan" is a refinancing loan that converts the currently used "Regional Credit Guarantee-backed Loan" into a new guaranteed loan that can be repaid in installments over up to five years, thereby reducing the principal and interest repayment burden on borrowers.

The "Regional Credit Guarantee Conversion Guarantee Refinancing Loan Interest Cashback Program" implemented by KB Kookmin Bank targets customers who receive the "Regional Credit Guarantee Conversion Guarantee Refinancing Loan" by December 31, 2025, and refunds 2 percentage points of the interest paid within one year from the refinancing date in cash. The program may end early if the support amount (10 billion KRW) is exhausted.

Customers currently using the existing "Regional Credit Guarantee-backed Loan" have no restrictions on applying for the conversion guarantee refinancing loan, and the prepayment penalty on the existing loan imposed when converting to the new guaranteed loan is also waived.

A KB Kookmin Bank official stated, "We expect that this interest cashback program will provide practical interest support to more than 20,000 small business owners and self-employed individuals," adding, "We will continue to promote customized support programs for small business owners facing difficulties due to high interest rates and high inflation in line with government policies."

Meanwhile, KB Financial Group is actively engaged in social contribution activities for the "win-win" with small business owners. Starting with the first business agreement signed with Seoul City in August last year, it has joined forces with major local governments nationwide to encourage childbirth among small business owners and alleviate management burdens, supporting approximately 14 billion KRW to date.