K Bank Launches "HaeSalLoan Special Program" with 3.4%p Interest Rate Reduction

K Bank announced on January 20 that it has launched the "HaeSalLoan Special Program" product.

This product launch aligns with the restructuring of policy finance products by the Korea Inclusive Finance Agency. The agency has integrated its previously four-segmented policy finance products for low-income individuals into two categories: "HaeSalLoan Special Program" and "HaeSalLoan General Program."

K Bank has consistently offered the "HaeSalLoan15" among its existing policy finance products for low-income individuals. With this restructuring, the bank now provides a simpler product structure and enhanced interest rate benefits.

The annual interest rate for the HaeSalLoan Special Program is 12.5%, which is a reduction of 3.4 percentage points compared to the previous HaeSalLoan15 rate of 15.9%. In particular, socially disadvantaged groups such as basic livelihood security recipients, those in the second-lowest income bracket, and single-parent families are eligible for a 9.9% annual interest rate.

Additionally, the HaeSalLoan product offers up to a 3 percentage point interest rate reduction incentive for borrowers who meet certain conditions, such as making timely repayments or completing financial education courses provided by the agency. This allows customers to further reduce their interest burden during the loan period.

Eligible applicants are low-credit individuals with annual income of 35 million won or less, who fall within the bottom 20% of credit scores. The maximum loan amount is 10 million won, and borrowers can choose between a 3-year or 5-year repayment period. The product also offers repayment options such as a one-year grace period followed by three years of repayment, or a one-year grace period followed by five years of repayment, to help ease the initial repayment burden.

Furthermore, all early repayment fees are fully waived, allowing borrowers to repay the principal at any time if they have surplus funds.

K Bank plans to launch the "HaeSalLoan General Program" within the first quarter of this year, continuously expanding its lineup of policy finance products for low-income individuals. The bank is also fulfilling its policy funding role by providing products such as the "Boss Guarantee Loan," developed in collaboration with regional credit guarantee foundations to support small business owners and self-employed individuals.

A K Bank representative stated, "We are expanding inclusive finance across both household and corporate lending, strengthening our role in supplying policy funds. Going forward, we will continue to support low-income individuals and small business owners by ensuring the stable operation and expansion of policy finance products."