Finda Sees Rising Demand for 'Living Stability Loans' Among Mid- and Low-Credit Borrowers

"8.8 Million Won Loans Out of 10 Million Won Maximum"
Over 13,000 Limit Inquiries Within One Month of Launch
59% Agreement Conversion Rate Out of 1,400 Loan Applications

Fintech company Finda announced on July 31, 2026 that the "Living Stability Loan" product from SBI Savings Bank, which was recently listed on its platform, has supplied an average of 8.8 million won in living funds per customer. Within just one month of launch, the product surpassed 13,000 credit limit inquiries.

The approval rate for credit limit inquiries stood at 98.3%, while the conversion rate for actual loan agreements approached 60%.

The Living Stability Loan product, launched on June 29, 2026, saw an average of 600 credit limit inquiries per business day, excluding weekends. The amount executed in the first three days after launch accounted for approximately 22% of the total loan volume during the period.

The approval rate for credit limit inquiries was recorded at 98.3%.

The agreement conversion rate, representing the proportion of inquiries that resulted in actual loans, was 58.6%. Over one month, of the more than 1,400 loan applications received, 820 proceeded to loan agreements. The average loan amount per agreement was approximately 8.8 million won, with the maximum credit limit set at 10 million won.

A Finda official explained, "The demand was primarily for small funds needed for daily life, rather than for large loans."

By day of the week, Tuesday had the highest utilization rate. In particular, loan applications were concentrated at the beginning of the week, on Mondays and Tuesdays. Limit inquiries on Mondays increased by more than 35%, from around 440 in the first week to approximately 600 in the third week after the product launch.

The Finda representative added, "This is believed to be related to the funding needs of office workers and self-employed individuals during the workweek."

Limit inquiries by credit score were mainly concentrated in the 600–900 point range. At the loan application and agreement stages, those with scores in the 600s accounted for about 62% of the total.

Meanwhile, besides SBI Savings Bank, the Living Stability Loan product from Yegaram Savings Bank was also listed on Finda on July 20, 2026, attracting interest from financial consumers.

Kim Miyeong, Director of Business Development at Finda, stated, "As the threshold for household loans rises, real demand is increasing for Living Stability Loans, with execution reaching up to roughly 90% of the maximum limit. Going forward, we will continue to introduce products from other financial institutions to further support financial consumers."

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