Today, let’s take a closer look at KB Savings Bank’s Conversion Loan product, Kiwi Conversion Loan. Among conversion loan products, Kiwi Conversion Loan is a credit loan product that allows for easy and convenient conversion of debts from other savings banks to KB Savings Bank’s mid-interest loans.
Understanding KB Savings Bank’s Conversion Loan, Kiwi Conversion Loan
The features of Kiwi Conversion Loan include generous limits and low interest rates, allowing for the consolidation of loans from other financial institutions into a single credit loan product.
Applying for KB Savings Bank’s Conversion Loan, Kiwi Conversion Loan
Advantages of Kiwi Conversion Loan: One advantage of Kiwi Conversion Loan is the ability to switch from high-interest rates to low-interest rates. In other words, it provides a way to convert high-interest loans into lower interest ones.
It offers ample limits, so if you choose a maturity lump sum repayment method for the conversion loan, there are no early repayment fees, making it convenient to use.
Eligibility Criteria for KB Savings Bank’s Conversion Loan, Kiwi Conversion Loan: The target applicants for Kiwi Conversion Loan are individuals with an annual income of at least 12 million won and over 20 years of age who are employed.
Conditions for KB Savings Bank’s Conversion Loan, Kiwi Conversion Loan: The eligibility criteria for Kiwi Conversion Loan include being a Korean national over 20 years of age who can provide income verification, intending to transfer debts from other institutions. Additionally, individuals with a KCB credit score of 475 or higher, at least 3 months of employment history, and an annual income of at least 12 million won are eligible.
Loan Rates and Limits: The loan interest rates range from a minimum of 6.9% to a maximum of 19.9% per annum, calculated based on the base rate plus a margin.
The loan limit ranges from a minimum of 3 million won to a maximum of 100 million won.
Loan Duration and Repayment Methods: There are two repayment methods available. If you choose the principal and interest equal installment method, the duration can range from a minimum of 6 months to a maximum of 84 months. If you opt for the lump-sum repayment method, the term is one year.
Required Documents: Required documents include identification, joint authentication certificate or simplified authentication certificate, and confirmation of qualification loss from the National Health Insurance Corporation.
Applying for KB Savings Bank’s Conversion Loan, Kiwi Conversion Loan: You can apply for Kiwi Conversion Loan through mobile devices without the need to visit a branch, making it a convenient loan product.
Application Process: The application process includes identity verification, the Financial Settlement Institute’s loan transfer system, checking interest rates and limits, entering application information, reading the loan agreement, and confirming the results of existing loan repayment.
Here are the steps for the application process, totaling six steps, and you can apply for Kiwi Conversion Loan on the Kiwi Conversion Loan application homepage.
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Frequently Asked Questions: [Translated FAQs from the Korean text]
Conclusion: We’ve covered KB Savings Bank’s Kiwi Conversion Loan in detail. It’s a refinancing loan product that can help those burdened by monthly high-interest payments.