iM Bank said on the 26th it is offering the "iM bridge loan," which provides up to 30 million won at an annual interest rate of 9%.
According to iM Bank, this product is designed for users who have faithfully repaid policy-backed finance for low-income consumers over a certain period, supporting credit building for financially vulnerable groups and helping them settle into the formal financial system.
Eligible users are those who have used policy-backed finance products such as Sae Hope Seed and Sunshine Loan faithfully for at least two years, or who have repaid the principal and interest in full within the past three years.
The iM bridge loan is offered within a limit of up to 30 million won at an annual interest rate of up to 9.0%. The loan term is operated as equal principal repayment for up to five years.