NH Nonghyup Capital has introduced a financial support program aimed at helping senior customers aged 55 and older reenter the workforce and resume economic activities.
On June 16, NH Nonghyup Capital announced the launch of the "NH All Wonderful Senior Re-Employment Financial Support" program. This initiative is designed to alleviate the financial burden on senior customers who are preparing for reemployment after retirement or facing income gaps due to business closures.
The program targets retirees over 55 who are actively seeking new jobs, closed business owners, and farmers who have ceased agricultural activities. NH Nonghyup Capital will provide support by allowing these individuals to defer principal and interest repayments, easing their temporary financial strain as they search for new employment or resume economic activities.
The support products will primarily include personal loans, financial products related to industrial accidents, and housing finance products. NH Nonghyup Capital aims to prevent delinquencies among customers and establish an inclusive finance model that fosters mutual growth between financial institutions and clients.
Eligible customers will receive ongoing information about the program through Kakao Talk notifications. The initiative will run until December 2027, after which its effectiveness will be evaluated to determine whether to extend the program.
Jang Jong-hwan, CEO of NH Nonghyup Capital, stated, "The purpose of this program is to support senior customers in reducing their financial burdens as they prepare for reemployment and to help them plan for a stable future. We will continue to expand inclusive financial services tailored to our customers' needs."
* This article has been translated by AI.
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