Hana Bank Launches "Pension Living Expense Loan"

For Recipients of the Four Major Public Pensions
Fixed Annual Interest Rate of 1%, 500,000 Won Limit, 3-Year Overdraft Account
President Lee Hosung: "We Will Practice Responsible ESG Management and Inclusive Finance"

Hana Bank announced on January 15 that it has launched the "Pension Living Expense Loan," a small-amount credit loan product with a fixed annual interest rate of 1.0%, designed to alleviate the temporary financial burden for customers receiving public pensions.

The "Pension Living Expense Loan" targets customers who are recipients of the four major public pensions: the National Pension, Government Employees Pension, Private School Teachers Pension, and Military Pension. This product was planned and launched as part of the bank's ESG management to address the rising demand for small living expenses among pension recipients due to an aging population and to enhance their access to financial services.

The "Pension Living Expense Loan" is designed with a single limit of 500,000 won, allowing customers to use it immediately without the need for complex limit calculations. A fixed annual interest rate of 1.0% is applied. The loan term is three years, and it uses an overdraft account system so that customers can withdraw only the amount they need, when needed. This structure provides liquidity in advance for unexpected expenses such as utility bills, hospital fees, or family events, thereby easing the financial burden for senior customers.

In addition, the loan is structured so that repayment management is naturally integrated with the pension receiving account, which helps prevent customers from being forced into high-interest loan markets. This reflects the bank's commitment to financial consumer protection.

Furthermore, customers who are scheduled to receive their first pension payment can also access the loan immediately at the start of their pension, after prior consultation and review, ensuring that any initial funding gaps are addressed.

President Lee Hosung stated, "As society continues to age, the demand for small living expenses among pension recipients is steadily increasing. Hana Bank will continue to take the lead in providing customized financial products and services to protect consumers and promote responsible ESG management and inclusive finance, so that customers with limited access to financial services are not exposed to illegal private lending or high-interest loans."

Meanwhile, the "Pension Living Expense Loan" is currently available at all Hana Bank branches nationwide, and the bank plans to gradually expand the service to non-face-to-face channels for greater customer convenience. Hana Bank will continue to expand customized financial services for public pension recipients while furthering its commitment to inclusive finance.