KakaoBank and Jeonbuk Bank Launch Joint Loan Product "Gachi Loan"

From Application to Management, All Loan Services Available on the KakaoBank App
"Enhancing Competitiveness and Financial Accessibility Through Platform Capabilities"

KakaoBank announced on December 16 that it has launched a joint loan product called “Gachi Loan” in collaboration with Jeonbuk Bank.

“Gachi Loan” is a product in which KakaoBank and Jeonbuk Bank each provide half of the loan amount. When a customer applies for a loan through the KakaoBank app, both banks conduct their own credit assessments and jointly determine the loan limit and interest rate before issuing the loan. “Gachi Loan” was designated as an innovative financial service by the Financial Services Commission in April.

KakaoBank and Jeonbuk Bank plan to leverage their respective credit evaluation capabilities and screening expertise to offer customers more favorable interest rates. “Gachi Loan” is an unsecured loan product for salaried employees, with a maximum loan limit of 200 million won. The interest rate ranges from 4.486% to 6.794% per annum (as of December 16, 2025). Borrowers can choose between a lump-sum repayment at maturity or equal installment repayments of principal and interest. There is no early repayment fee.

Not only can customers apply for the loan, but they can also manage their loans entirely through the KakaoBank app. All loan management services, including principal and interest repayments and requests for interest rate reductions, are conveniently available in one place through KakaoBank.

KakaoBank stated, “We launched this product in collaboration with Jeonbuk Bank, leveraging KakaoBank’s platform capabilities to enhance the competitiveness and financial accessibility of both banks,” adding, “We will continue to expand our cooperation with regional banks, including reviewing the expansion of joint loan product offerings in the future.”