Shinhan Bank is partnering with the Credit Guarantee Fund to expand non-face-to-face guarantee and loan services for individual business owners and small enterprises.
On August 25, Shinhan Bank announced that it has signed a memorandum of understanding for the activation of non-face-to-face and digital financial services with the Credit Guarantee Fund.
Under the agreement, Shinhan Bank plans to introduce the 'Easy-One' guarantee product in the first half of next year, linking the Credit Guarantee Fund's non-face-to-face guarantee system with its mobile app, 'Partner Bank.'
Once the product is launched, customers will be able to apply for guarantee-backed loans through the Shinhan Bank mobile app without visiting a branch. They can verify their eligibility through a pre-screening based on the guarantee certificate and complete the consultation, loan agreement, and execution entirely online.
Both institutions aim to enhance corporate financial support through the establishment of non-face-to-face guarantee services and to explore additional digital financial services for small businesses in the future.
Shinhan Bank President Shin Hak-ki stated, "We expect this agreement will improve financial accessibility for individual business owners and small enterprises who find it difficult to visit branches. We will continue to expand non-face-to-face financial services for the mutual growth of small businesses."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.