개인회생자 대출자격The personal rehabilitation system refers to a system in which a debtor who faces bankruptcy but has a certain amount of income is exempted from remaining liabilities if the debtor repays all within 5 years according to the court’s repayment plan. To make a loan available in this situation, it is wise to look elsewhere instead of the bank. Representative examples include the Credit Recovery Committee, the Korea Inclusive Finance Agency, and savings bank products.
First, you can find out about the Credit Recovery Committee’s microfinance support system. The Credit Recovery Committee provides emergency fund loans to debtors who are implementing a rehabilitation repayment plan. Types include life stabilization funds, student loans, and high-interest loan loans, and the amount that can be borrowed varies depending on how long the debt adjustment period is (one non-face-to-face small loan is 3 million won). The interest rate is within 4% per annum (2% per annum for student loans).
However, if you have excessive new debts after personal rehabilitation or if you have new debts within the past 6 months, support is not available. This can be confirmed by contacting the Credit Recovery Committee website or call center (1600-5500).
Second, you can look into small loans from the Korea Inclusive Finance Agency. Products available for personal rehabilitation include small living expenses loans and Sunshine Loan 15. If you pay the interest faithfully, you can receive a preferential interest rate.
*Small living expenses
-Eligible: Bottom 20% credit score and annual income of 35 million won or less
-Limit: Up to 1 million won
-Interest rate: 15.9% per year
-Preferential interest rate: 3% or less every 6 months for faithful repayment, 12.9% per year for additional loans
-Repayment method: Lump sum repayment at maturity of 1 year (no early repayment fee, maturity can be extended up to 5 years if repayment is faithful)
*Sunshine Loan 15
-Eligibility: Those with an annual income of 45 million won or less or a personal credit score in the bottom 20/100 (there is no rating limit for annual income of 35 million won or less)
-Limit: Up to 20 million won
-Interest rate: 15.9% per year
-Preferential interest rate: Interest rate reduced every year when repayment is faithful (3% for 3 years, 1.5% for 5 years)
-Repayment method: Repayment in equal installments of principal and interest
Lastly, you can also consider savings bank products. Look at the personal rehabilitation loan products provided by savings banks, but consider them carefully as the interest rates are considerably higher than the two products above.
Debt adjusters who are currently undergoing personal rehabilitation should first look into the Korea Inclusive Finance Agency or microfinance products, as loan interest rates are quite burdensome. If I change my loan, I hope I can find a product that suits me with a low interest rate.
※ The expert column is a space where experts in each field independently provide information and opinions to improve readers’ credit/finance-related knowledge. Therefore, the information or opinions in this post may differ from All Credit’s position.
The method of managing the issuance of cards and loans is different every month and changes every year, so it is necessary to check. We promise to provide you with easy-to-understand explanations.
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Korea Credit Bureau Co., Ltd., 15 Gukjegeumyung-ro 6-gil, Yeongdeungpo-gu, Seoul
|CEO Hwang Jong-seop
|Registration number 101-86-12443
|Tel 02-708-1000
FAX 02-708-1010
|Email allcredit@koreacb.com
| Mail Order Business Report No. 2019-Seoul Yeongdeungpo No. 1017
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