The word that appeared once while dealing with the Nonghyup emergency loan yesterday is the word communication grade.
There is one more product that can be used through this communication grade, and that is the Woori Bank emergency loan that I will introduce today.
In a way, it is a product that many people know as a product that was available earlier than the Nonghyup.
Today, I would like to introduce our emergency fund loan. 통신등급 조회
What is our emergency loan?
As mentioned at the beginning, this is a small emergency loan product that utilizes communication grades and can be used up to 3 million won. 이베이스매뉴얼
In a way, it is a product that is known to more people because it is a product that can be used as a negative bankbook, regardless of whether it has been available since the early days of the emergency fund.
The biggest feature is that it can be used by customers with a credit rating of 6 or higher who can check the communication rating regardless of income or employment conditions.
Because of this, it is known that the unemployed can use it, and many people are aware of its use.
The qualifications and conditions of use in more detail
First of all, it can be used by any adult with CB [credit rating] 1 to 6 + while using 3 telecommunication companies.
In the case of Woori Bank, the credit score of grade 6+ is a minimum of 675 points based on KCB and 721 points based on NICE standards.
If you check this through the credit rating agency’s score inquiry method and use it, you can reduce the probability of rejection a little.
> Find out how to check your credit score <
How to check credit score, free credit score and rating?
I once watched a documentary called Betrayal of a Bank, and the scariest part of the story was…
If you look at the conditions, as I said, the limit is 3 million won, and the interest rate starts at 4.52%.
It is possible to extend the contract at the time of expiration with a one-year negative bankbook contract, but if the contract commencement and conditions change, the extension may not be possible.
How to use and what documents are there?
Basically, because it is a non-face-to-face loan product using the Woori Bank mobile application, no special documents are required.
However, due to the nature of non-face-to-face products, there is an inquiry process to replace documents, so you may need a mobile phone in your name and a joint certificate.
If you prepare this in advance, you can use the product more simply.
Then how to use it?
First of all, since this product is a mobile-only product that has not been used even through the Woori Bank website, the Woori Bank app is absolutely necessary.
> Download Woori Bank App <
Woori Bank Woori WON Banking – Apps on Google Play
Woori Bank visits customers with “WON Banking”. Meet our new WON Banking.
First, run the app and click on the product mall at the bottom.
After that, by clicking the loan menu at the top, you can check the type of Woori Bank product.
Click here for a credit loan.
After that, if you scroll all the way down, you can find the Woori Bank emergency loan products introduced today.
You can check the product information in more detail and easily by referring to the video below.
Anything worth referring to?
First of all, the most important thing is that, as mentioned in other products, it may be difficult for unemployed people with no income at all.
Although income conditions are not usually checked, there is information about payment of fees when inquiring about telecommunication grades, so it is of course difficult for those who are overdue to use and it is possible to check income during this process.
Therefore, although it is being introduced as an emergency fund for the unemployed, the reason for the rejection is here, so please refer to it when using it.
organize
This time, we learned about Woori Bank’s emergency fund loan.
I believe that loans are as important as savings, so I introduce products mainly from banks every time.
If you absolutely need money, be sure to check with the bank first and finish the content in the hope that you can use the product under the conditions you want;
What is credit information? Information necessary for judging the creditworthiness of the other party in commerce, such as financial transactions
1. Identification information (name, resident registration number, address, etc.)
2. Credit transaction information (loan status, overdue details, card issuance and cancellation, etc.)
3. Financial disorder information (violation of related laws, etc.)
4. Credit ability information (income, property, etc.)
5. Public record information (tax arrears, court judgment, etc.)
With the transition from a credit rating system to a credit score system in 2020, more flexible credit screening using scores is possible, reducing the threshold effect of using previous credit ratings.
Credit Rating and Credit Scorecard
Credit score difference between KCB and NICE
Korea Credit Bureau (KCB), Korea’s leading credit rating agency, and NICE rating information. The difference between the two credit rating agencies is the way they evaluate their credit scores and their weight. KCB considers credit transactions such as credit card usage, and NICE considers delinquency or past repayment history as important.
Credit card issuance according to credit score, standard for low-income financial products
※ Restrictive business activity refers to the so-called ‘breaking’ in which banks sell investment products such as funds and stock-linked securities (ELS) or protection products such as bancassurance (bank sales insurance) during the loan process.
raise your credit score
1. Repay the loan without arrears
2. The more you pay by credit card and repay without arrears, the better
3. There is a high probability of receiving additional points if you use your debit card for over 300,000 won per month for 6 months without arrears, or if you use your debit card for 6 to 12 months.
4. The more you repay without additional arrears, the more your credit rating will be restored.
5. Results of faithful payment of telecommunication charges, public charges, national and local taxes
credit rating downgrade
1. Credit rating may be downgraded if delinquent for more than 5 business days and over 100,000 won
2. The higher the loan amount and number of loans, the more disadvantageous
3. Loans from the second financial sector are at a disadvantage
4. Excessive use of cash advances
※In case of multiple delinquency, it is advantageous to repay the old loan first rather than the large amount of delinquency.
How to check credit score of Toss Bank, Naver Pay, and Kakao Bank
1. Toss credit score inquiry: Go to the Toss app and click All > My Credit Score
2. Naver Pay credit score inquiry: Naver Pay > My Assets > Credit Management
3. Kakao Bank Credit Score Inquiry: Kakao Bank App > ···> My Credit Information
In Toss Bank, both KCB and NICE can be viewed, and in Naver Pay and Kakao Bank, only NICE credit rating information can be viewed.
※Credit score inquiry does not affect your credit rating.