"'No Interest Rate Reduction if Salary Is Not Indicated'… FSS Urges Consumers"
4 Articles
4 Articles
To Receive an Interest Rate Reduction for ‘Salary Transfers’… You Must Check This when Sending Money
Mr. A, who obtained a Jeonse loan from a bank, agreed to receive a 0.2 percentage point reduction in the loan interest rate on the condition that he transfer his salary of 1 million won or more. Although he transferred 1 million won to the bank account every month, he did not receive the interest rate reduction because he did not indicate "salary" at the time of the transfer. On the 21st, the Financial Supervisory Service [issued] [regarding] su…
To prevent consumer damage, the Financial Supervisory Service has provided detailed guidance on essential salary-based preferential interest rate conditions, characteristics of different repayment methods, and the risk of loss of the benefit of time due to delinquency when using bank loans. Consumers need to exercise thorough management during the loan execution and extension processes, taking into account their creditworthiness and interest bur…
(Seoul = Yonhap News) Reporter Kang Ryu-na = The Financial Supervisory Service announced that if you do not register salary information with a bank or do not mark your account as 'salary,' you will not be able to receive interest rate reduction benefits...
[Digital Daily Reporter Kim Nam-gyu] Even if you have transferred your monthly salary to receive preferential loan interest rates, you may not receive the rate reduction if you do not register your salary information with the bank or do not indicate "salary" when making the transfer. You should also be careful when extending the loan maturity, as the base rate and additional rate are recalculated, which could lead to an increase in interest rate…
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