KB Kookmin Bank said on the 8th that on the 6th it cut the new lending rate for KB Saehope Holssi II, a flagship inclusive finance product, by 1 percentage point.

KB Kookmin Bank branch. /Courtesy of News1

The KB Saehope Holssi II product lending rate was lowered from the previous annual 5.47–6.47% (based on internal credit grade 3 and a loan term of at least five years) to 4.47–5.47% per year.

KB Kookmin Bank also offers a rate cut benefit of up to 2.0 percentage points during the loan period for customers who are faithfully repaying KB Saehope Holssi II. If the customer repays every six months without loan arrears, the rate is automatically reduced by 0.2 percentage point each time.

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