NH Nonghyup Bank Launches Two Credit Loan Products for Young People Settling in Regions

NH Nonghyup Bank announced on July 2 that it has launched two credit loan products aimed at supporting young people who are relocating from the metropolitan area to regional areas.

The 'NH Youth Regional Return Loan' provides up to 1 million won through an overdraft account for young people aged 19 to 45 who are moving from the metropolitan area (Seoul, Gyeonggi, Incheon) to the regions, for a period of 12 months.

The 'NH Youth Regional Return Companion Loan' offers up to 20 million won with a repayment period of up to 60 months. Both products feature a preferential interest rate of up to 1.5 percentage points, including inclusive rates. This initiative aligns with the government's policies to address regional decline.

Bank President Kang Tae-young stated, "We have launched these products in collaboration with the Youth Foundation to support young people's settlement in regions. We will focus all our efforts on alleviating the financial burden on consumers at the forefront of the local economy and revitalizing the community."