K-Bank Expands "Boss Real Estate Secured Loan" Refinancing to Second-Tier Financial Institutions

K-Bank has expanded the refinancing eligibility for its real estate-backed loan product for sole proprietors, "Boss Real Estate Secured Loan," to include savings banks, insurance companies, card companies, and capital firms, in addition to traditional banks and mutual finance institutions.

According to K-Bank on February 2, since the launch of the "Boss Real Estate Secured Loan" in July 2024, the bank introduced subordinated refinancing in March last year and expanded eligibility to mutual finance institutions in October last year. With this latest expansion, customers holding sole proprietor collateral loans at institutions with relatively high interest rates, such as savings banks, capital firms, and insurance companies, will now be able to benefit from K-Bank's favorable interest rates. K-Bank has also increased the maximum limit for its "Boss Credit Loan," which targets professionals and high-credit sole proprietors, from 100 million won to up to 300 million won.

Meanwhile, the "Boss Real Estate Secured Loan," the first-ever 100% non-face-to-face sole proprietor collateral loan in the market, surpassed a loan balance of 600 billion won as of the end of last month, just a year and a half after its launch. A K-Bank official stated, "We have significantly expanded the refinancing eligibility so that business owners struggling with high interest rates can enjoy greater interest savings," adding, "We will continue to be a reliable financial partner for small business owners through product innovation and inclusive finance."