KB Kookmin Bank Launches Inclusive Finance Program for Saehimang Holssi Financial Cost Support

Support for Repayment of Principal on Interest Exceeding 7% Loan Rate Starting June 26

On June 28, KB Kookmin Bank announced that it will operate the "Saehimang Holssi II Financial Cost Support Program" until the end of this year to alleviate the financial burden for vulnerable borrowers.

KB Kookmin Bank plans to support customers by covering the portion of interest that exceeds a 7% loan interest rate, allowing this amount to be used for repaying loan principal.

The program is available to customers who have converted their existing KB Kookmin Bank unsecured loans to the Saehimang Holssi II program and have been consistently making interest payments.

The support period runs until December 31, 2026, and eligible customers can apply through the bank's branches.

This program was established as part of the "KB Kookmin Happiness Hope Project," following a 1 percentage point reduction in the initial loan interest rate for the "KB Saehimang Holssi II" product in March.

A representative from KB Kookmin Bank stated, "This is an inclusive finance program designed to substantially ease the burden on financially vulnerable groups," adding, "We will continue to expand various inclusive finance support measures to share and reduce customers' financial hardships."

Meanwhile, KB Kookmin Bank also announced its efforts to supply private mid-rate loans targeting customers with mid- to low-credit scores. The bank plans to provide a total of 1.53 trillion won in private mid-rate loans, which are unsecured loans offered to customers in the bottom 50% of individual credit scores, this year.

This content was produced with the assistance of AI translation services.