IBK Inclusive Loan Blocked by Annual Income Regulations… "Must Consider Exceptions"
2 Articles
2 Articles
(Seoul = Yonhap News) Reporter Han Ji-hoon = It is pointed out that the number of rejected loan applications is increasing as existing lending regulations are being applied without exception to bank loan products intended for low-to-mid credit borrowers...
It was found that more than one in four applicants for IBK Industrial Bank of Korea's policy loan product, launched to support borrowers with low to mid-credit scores, were unable to receive a loan due to credit limit regulations. (Photo = IBK Industrial Bank of Korea) According to parliamentary audit data submitted by IBK Industrial Bank to Rep. Park Min-kyu of the Democratic Party of Korea, a member of the National Assembly's Political Affairs…
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