Naver Pay said on the 26th that it has opened the "loan rate care" service, which automatically makes interest rate cut requests on users' behalf.
The Naver Pay "loan rate care" service detects a user's individual financial improvements—such as asset or credit score—based on MyData to reduce interest burdens, and it manages rates automatically by applying for interest rate cut requests to the lender where the user took out the loan.
Once a user applies for the service in Naver Pay just once, it continues to apply to both existing loans and new loans.
If a rate cut is confirmed, the reduced rate is applied automatically starting from the next interest payment date, and if a cut is not approved, it provides guidance to raise the likelihood of approval. The Financial Services Commission designated the service as an innovative financial service in Dec. last year.
A Naver Pay official said, "With the launch of the 'loan rate care' service that can automatically apply for interest rate cut requests, we will continue to offer a variety of innovative financial services that can reduce users' financial burdens, such as loan comparison, loan switching, and credit score management services."