Surpassing 1 Trillion KRW in 9 Months Since Launch
The Financial Sector's First Joint Unsecured Loan Model
Toss Bank announced on June 4 that the cumulative supply amount of "Hamkke Daechul," the first joint unsecured loan model in the financial sector, has surpassed 1 trillion KRW. This milestone was achieved approximately nine months after the launch of the Toss Bank-Gwangju Bank "Hamkke Daechul" on August 27, 2024.
As of May 23, 2025, the cumulative supply amount of "Hamkke Daechul" exceeded 1 trillion KRW, with the cumulative number of executed loans reaching about 32,000 cases.
"Hamkke Daechul" is the first unsecured loan model in Korea where an internet-only bank and a regional bank jointly execute loans. It was also designated as an innovative financial service by the Financial Services Commission in June 2024.
Customers can conveniently apply for "Hamkke Daechul" through the loan menu in the Toss Bank app without visiting another bank's app. Upon loan approval, Toss Bank and Gwangju Bank share and execute the loan. Because Toss Bank and Gwangju Bank jointly conduct loan screening and execution while offering customers more favorable conditions, customers can benefit from more competitive interest rates and higher loan limits.
Toss Bank focused on ensuring stability from the early stages of development to minimize risks that could arise from the joint operation structure with Gwangju Bank. Despite the higher operational complexity compared to standalone products, "Hamkke Daechul" has demonstrated high stability and reliability, recording zero system failures since its launch.
"Hamkke Daechul" is a completely new business model in Korea and underwent numerous discussions and verification processes from initial planning to commercialization. The structural characteristics of joint operation with Gwangju Bank, mutual respect and consultation between the two banks, and detailed reviews of regulatory and institutional permissions were also carried out simultaneously.
A Toss Bank representative stated, "By realizing an unprecedented structure of joint unsecured lending between banks in Korea and supplying over 1 trillion KRW in just nine months, we have proven both customer trust and the market’s potential. Based on our stable operational experience so far, we will continue to introduce even more innovative products."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
