케이뱅크 비상금대출Information on car insurance, life insurance, actual cost medical insurance, etc.
I would like to organize in detail the K Bank emergency fund loan review, extension method, early repayment fee, loan limit, interest rate, period, repayment method, required documents, reasons for rejection, and whether the loan will be delivered by mail. Please be sure to refer to the information you must know before using the K Bank emergency loan.
Easy table of contents
You can use K Bank emergency loan only if you meet the above conditions.
Anyone who is over 19 years of age, has Korean nationality, and is eligible to issue a Seoul Guarantee Insurance policy can use it in most cases.
The loan limit is between 500,000 won and 3 million won.
Because it is a small loan, the limit is not high, but I think it is the perfect amount to use when you need money urgently.
The loan interest rate is between 5.66% and 15.00% per annum. Loan interest rates are applied differently based on individual credit, etc.
Additional explanation of the base interest rate and additional interest rate is as follows.
The loan period is 1 year. If you wish to extend your subscription, you can extend the period by one year.
You can repay the loan using the negative bank account method.
K Bank Emergency Loan is a product that can be used in the form of a negative account, so it can be repaid and reused at any time within the limit. And you only have to pay interest on the amount you used.
Please note that on the loan maturity date, you must repay the entire loan balance and unpaid interest.
Since it is a first-tier financial loan product that can be used without documentation, there is no need to prepare any separate documents.
Product similar to K Bank emergency fund loan (substitutable product)
You can apply for the K Bank emergency loan through your mobile phone, making it quick and easy to use.
For general loans, you must visit the bank in person. And there are a lot of loan documents that need to be prepared.
However, since the product is applied through mobile, there is no need to visit a separate bank counter or prepare loan documents separately.
In other words, you can think of it as a product with extremely high convenience.
Because this product is a first-tier loan, the interest rate is lower than that of second-tier loans or loans from lenders. And it’s also better for credit management.
If you use it consistently without delinquent payments, it will have a more positive impact on your credit rating, so if you can get a loan, it is better to use a loan from a first-tier financial institution.
You can apply for extension through the K Bank app or web. You can extend your emergency fund loan by accessing the K Bank app or web before the loan maturity.
Basically, when extending a loan, you must submit your employment and annual income information at the time through a public certificate.
However, since the K Bank emergency loan can be used regardless of employment and income, it will be possible to extend it in most cases unless the debt increases excessively or the credit deteriorates excessively.
Before extending, please refer to the information below to ensure that you do not fall under the grounds for loan rejection.
Since K Bank Emergency Loan is a product with no early repayment fee, no fee will be charged even if you repay the entire loan before the period.
For K Bank emergency fund loan interest rates, please refer to the loan interest rate section above. This has already been explained, so please refer to it.
Now, let’s find out how much interest accrues when you actually take out that loan.
Let’s assume that you spend 3 million won for one year at an interest rate of 15% per annum. The repayment method was assumed to be a lump sum repayment at maturity.
In this case, the total loan interest that accrues is 450,000 won.
Some people wonder if they will receive mail if they receive a K-Bank emergency loan.
To conclude, there is no mail delivered to your home. So please don’t worry.
