Gwangju Bank Launches Credit Loan Exclusively for International Students

Loan Limit: 1 Million to 3 Million KRW Per Person

Gwangju Bank has launched the first dedicated product in the domestic financial sector for foreign international students, the 'TOGETHER International Student Credit Loan'. Photo by Gwangju Bank

Gwangju Bank announced on July 2 that it has launched the 'TOGETHER International Student Credit Loan,' the first dedicated product in the domestic financial sector for foreign international students.

This product is a non-face-to-face credit loan designed to support foreign international students who are facing financial difficulties with tuition and living expenses. In particular, the screening criteria have been relaxed so that even students with limited financial experience in Korea can easily apply, and a variety of repayment options are also offered.

Eligible applicants are foreign students currently enrolled in domestic universities in associate, bachelor's, master's, or doctoral programs. The product is available to students from a total of 12 countries: China, Vietnam, Uzbekistan, Mongolia, Nepal, Japan, Myanmar, Bangladesh, Indonesia, Pakistan, India, and Kazakhstan.

The loan amount ranges from 1 million to 3 million KRW per person, with a minimum loan period of three months. Depending on the customer's situation, repayment methods include equal principal and interest installments, lump-sum repayment, or flexible repayment. The loan period and repayment method may vary depending on eligibility.

Applications can be easily submitted via Gwangju Bank's mobile web banking. For more details about the product, customers can visit a nearby branch, check the Gwangju Bank website, or contact the dedicated customer center for foreigners.

Park Moonsu, Head of Data Product Strategy, said, "Foreign international students often find themselves in a blind spot when it comes to accessing domestic financial services. We hope this loan product will help ease the burden of tuition and living expenses, supporting a stable study abroad experience. Gwangju Bank will continue to expand tailored financial services for foreign customers in the future."