Shinhan Bank Launches Non-Face-to-Face Credit Loan for Professionals with Limit Up to 100 Million Won

Shinhan Bank announced on December 21 that it has launched a new non-face-to-face credit loan product called 'Quick Professional Business Loan' for self-employed professionals.

This product targets self-employed professionals who have been operating their business for at least 12 months. It is a credit loan product that comprehensively reflects credit rating, income, and sales volume to provide a maximum limit of up to 100 million won. Customers can conveniently apply non-face-to-face through the 'SOL Bank' app without visiting a branch.

This new product is characterized by improvements to the main inconveniences of existing professional loans, such as the submission and verification of professional certificates, by taking into account the work characteristics of professional business owners. By applying an alternative screening method using scraping technology, the loan review can be conducted without separate supporting documents. Customers can complete the entire process from loan review to execution in a single day, enabling them to secure funds quickly even when urgent operating capital is needed.

A Shinhan Bank official stated, "We focused on minimizing the inconvenience experienced by self-employed professionals in the process of using financial services when developing this product," and added, "We will continue to expand customized financial products so that self-employed customers can access funds quickly and conveniently whenever they need them."