A new small credit loan product aimed at helping seniors in financial emergencies is being launched.
NH Bank announced on August 4 that it has introduced the 'NH All Wonderful Happy Companion Mid-Rate Loan' exclusively for non-face-to-face transactions through NH All One Bank.
This product is available to customers aged 65 to 77 who have difficulty providing income verification, allowing them to borrow up to 1 million won through an overdraft account. The loan term is 12 months, with a total sales limit of 50 billion won and an interest rate capped at 6.8% per year.
NH Bank President Kang Tae-young stated, "We launched this product to prevent seniors from relying on high-interest private loans when they face sudden financial needs and struggle to access formal financial services. We will continue to enhance financial accessibility for seniors and expand senior-friendly financial products, leading the realization of social value in finance."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.