In December, Kakao Bank’s negative bankbook loan was extended.
Compare Kakao Bank’s negative passbook interest rate and Toss Bank 1 year ago and at the present time
We hope that this will help you in applying for a new negative bankbook & loan extension in the future. 토스뱅크 사장님 마이너스통장
Negative bankbook loan interest rate rises by 1.26%p
The Bank of Korea’s base rate hike has a significant impact on lending rates.
This year alone (August and November), it was raised twice by 0.25%p each.
In other words, compared to the beginning of this year, it is a 0.5%p increase. 이베이스매뉴얼
A 0.5%p increase in the base rate does not raise the loan rate by 0.5%p, and the bank raises it even more.
So, how much has the interest rate on my negative bankbook increased compared to a year ago?
This time, the negative bank account of Kakao Bank was extended to 47 million won with an interest rate of 4.372%.
Below is the negative interest rate for Kakao Bank loans as of January 20 of this year.
It was 3.116%.
Loan interest rates have risen by 1.26%p in one year.
What the hell happened is part of the above-mentioned increase in the base rate of the Bank of Korea.
This is the negative account loan amount and interest rate received with Toss Bank in October of this year.
It is 3.39% for 100 million won.
As time goes by, interest rates on loans are increasing.
As the US’s early end of tapering and US interest rate hikes are scheduled, there are likely to be two more rate hikes next year.
At this point, if you have a plan to run a negative bankbook, it is very advantageous in terms of interest rates to proceed as quickly as possible. There are no factors that will decrease, only factors that will increase.
Therefore, we hope that commercial banks, savings banks and Toss Bank, which will open early next year, continue to monitor loan interest rates.
In my last post, Toss Bank
Starting with a post dealing with credit loans,
I would like to continue the second post about Toss Bank.
Toss Bank Credit Loan Official Open! The minimum interest rate limit of 2% is 270 million?
hello. This is Olu. In my last post, I posted about the stock related to the launch of Toss Bank…
blog.naver.com
Another loan from Toss Bank.
About negative bankbook loan
Let’s enumerate it.
A brief explanation of negative passbook loans
A brief explanation of the negative bankbook loan
Negative bankbook is also called “limit loan”. It is also called matong for short! This is a type of loan where you open this matong, use the amount you want to spend within the limit you set, and then pay interest on the amount you use. There is no loan that can match the convenience of using that much because it sets a limit and uses it organically according to the situation!
However, if used indiscriminately, interest may be charged on interest, so the amount to be paid as loan interest may increase with compound interest, so please be careful when using it!
Then Toss Bank negative bankbook loan,
What are the qualifications?
Source: Toss Bank minus bankbook loan
Source: Toss minus bankbook loan explanation
When applying for a loan, Toss requires
Let’s take a look at the qualifications for each job category!
In the case of an employee, the tenure of the current employer is 3 months or more
Evidence of annual income of 10 million won or more,
In the case of a business owner, proof of business registration certificate for 12 months or more as of the date of business opening, annual income of 10 million won or more,
Other common conditions include Koreans over the age of 19,
There must be no records of delinquency default information and credit rating information, and there must be no facts such as rehabilitation, bankruptcy, or immunity.
What is the maximum loan limit?
Let’s take a look at interest rates and terms together
Source: Toss Bank minus bankbook loan limit
Source: Toss Bank negative interest rate on bankbook loan
Toss Bank minus bankbook loans range from at least 1 million won to 150 million won. Of course, please note that it may vary for each individual.
Loan interest rates range from 3.28% to 13.13% per annum.
The base rate is applied to financial bonds. Negative bankbook loan
Therefore, it is applied at 1.44% per year for 12 months.
The additional interest rate is from 2.3% to 11.69%!
Because it is a negative bankbook loan
Loan period after agreement is 1 year
If not extended, interest rates
There is no such thing as change.
The interest rate in case of delinquency is the base rate + 3%
Be sure to avoid overdue payments as much as possible, as delinquency has a huge negative impact on your credit score!!
Documents Required for Loan
The documents required for each job category for loan are as follows.
1. office worker
Health insurance qualification certificate, health insurance premium payment confirmation
2.Business operator
Business Registration Certificate, Income Amount Certificate, VAT Standard Certificate
Because you can use the loan by waiting order
If you are an existing pre-booker, apply for a loan after checking the limit!
If there is a waiting order, it is inconvenient to have to wait for the order.
Source: Toss Bank Waiting Order
Like me…
well over here
About Toss Bank minus passbook loan
I found out.
3rd Internet Bank service started!
Tossbank, a domestic internet bank, has finally started its service.
Toss Bank introduced credit loan products with a maximum limit of KRW 270 million. As the credit limit is high, the condition is that it must be within the annual income.
In the case of credit loans, a wide range of interest rates ranging from 2.76 to 15% per annum as of 5 days is a characteristic of Toss Bank.
Toss Bank is planning a loan product that offers reasonable interest rates and loan limits to those with low and medium credit, including those with high credit, and those with insufficient financial history.
In addition, Toss Bank has no distinction between office workers and business operators. Through credit evaluation simulation based on non-credit alternative data analysis, about 30% of customers who were previously unable to get loans in the first financial sector are expected to be identified as healthy middle and low creditors to support financial services.
Before the start of the service, we are offering a Toss Bank emergency fund loan with a maximum limit of 3 million won and a Toss Bank negative bankbook loan with a maximum limit of 150 million won to customers who have applied for the service ahead of time.
Toss Bank Minus Passbook Loan Products Guide
Loan target
※Salary earners: Customers with 3 months or more of current employment and 10 times the proof income of KRW 10,000 or more
※Business income earners: Customers with a business registration certificate of 12 months or more from the original date of business, and proof of annual income of 10 million won or more.
※Common conditions:
→ Koreans aged 19 years or older
→Customers who have not registered credit rating information such as delinquency and default information
→Customers who have not applied for personal rehabilitation, bankruptcy, immunity, etc.
→ Customers who have overdue loans or have no history of incurring losses
→Customers who do not have a record of financial fraud and other restrictions on financial transactions
※The tenure of office is based on the date of acquisition of qualifications of the current employer by the National Insurance Corporation for each case, and the business period is based on the opening date of the business registration certificate.
※ Proof annual income is based on the insurance premium paid in the National Health Insurance Corporation insurance premium payment confirmation if you are a salaried income earner.
If you are a business income earner, the income amount from Hometax Income Amount Proof is applied.
Loan limit
◆The minimum is 1 million won and the maximum is 150 million won.
loan term
◆1 year (can be extended up to 10 years in 1 year increments.)
repayment method
Applying lump-sum repayment at maturity
→ During the loan period, interest is paid monthly on the loan amount, and full repayment is made at maturity.
customer borne cost
◆If the loan amount exceeds KRW 50 million, the bank and the customer each pay 50%.
Early redemption fee
No/Exemption
Qualification criteria confirmation documents
◆Let’s check the documents confirming the eligibility criteria.
※Salary earners: Health insurance qualification certificate, health insurance payment confirmation
※Business income earners: Certificate of business registration, Certificate of income amount, Certificate of tax base for VAT
Time to apply for a loan
◆You can apply for a loan at any time, 24 hours a day, 365 days a year.
loan interest rate
The interest rate for negative bankbook loans is 3.26% to 13.10% per annum (as of May 1, 2021)
※Interest rate calculation method: base rate + additional rate
→Base rate: 0.96% per year (3 financial bonds), 1.14% per year (6 months financial bonds), 1.41% per year (12 months financial bonds)
→Additional interest rate: 2.30% to 11.69% per annum
Introduction of Toss Bank shareholders
◆Concluding article!
Above, we found the news of the launch of Toss Bank, the third Internet bank in Korea, an IT powerhouse, and important contents of negative bankbook loans.
Next time, we will find useful information about eligibility criteria, interest rates, and loan limits for Toss Bank emergency loan.