Let’s look at how to apply for Shinhan Bank interest rate cut request. In the aftermath of the recent US interest rate hike, interest rates in Korea are also on the rise. As a result, interest rates on loans also increased. The larger the loan amount, the higher the interest rate. However, there is a system for borrowers designated by law called the right to demand a lower interest rate. This is a system that the bank must inform you of, and you can benefit from it.
In this post, we will tell you in detail how to apply for the right to request a lower interest rate based on Shinhan Bank, how to apply through mobile and internet banking, and what documents to submit. 신한은행 금리 인하 요구권 신청 방법
How to check the 5 major banks for loan interest rate cuts at once!!
How to apply for Shinhan Bank interest rate reduction request
First of all, I would like to inform you about the right to demand an interest rate cut specified by Shinhan Bank.
If a customer who is a debtor believes that his or her credit status has improved, it is a legal right to present reasonable grounds and request an interest rate reduction if necessary. This right is designated in the Banking Act as Article 30-2 (Request for Lowering Interest Rate) of the Banking Act.
This interest rate reduction right requires all banks to notify customers who have a common loan, informing them of mandatory interest rate reductions at least twice a year.
Shinhan Bank Internet Banking -Shortcut-
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Summary of how to apply for the right to request a lower interest rate
See the application method provided by Shinhan Bank for details. Direct visits to branches, mobile apps, and internet banking sites are explained in detail.
How to apply for Shinhan Bank interest rate reduction request
For each application, the route and result notification are detailed. When applying, you must go through the process after verifying your identity with a public certificate, etc. The reason for application will be explained separately.
Learn more about the reasons for applying
There will be a part to choose the reason for all 3 application methods. However, for those who do not know where I belong, I will explain the reasons that are largely classified into three categories.
Income and property increase: For individuals, this is when their financial status has improved, such as employment, promotion, and professional qualifications. This also applies to cases in which credit ratings have improved by reducing the amount of loans or repaying loans from banks other than Shinhan Bank. In simple terms, it can be said to increase profits and reduce debt. In the case of employment, when you apply for a loan, you get a job with better conditions than your job and your profits increase. In case of promotion, you can submit documents to confirm the promotion.
Credit rating increase: This is when your credit rating, which can be confirmed through credit information inquiry, has increased. This also applies to the case where the loan repayment or loan is repaid faithfully and the loan amount is reduced and the credit rating is increased. If your credit rating has gone up since the time of the loan, please apply right away.
Others: This section applies to cases where the performance of deposits, installment savings and payroll transfer cards has increased due to transactions with banks. Simply put, it can be seen as advantageous if there are many transactions with Shinhan Bank.
Summary of submitted documents
There are documents to be submitted in the reason for application. If you know in advance, preparation is easier, so it would be nice to refer to it and prepare in advance.
How to apply for Shinhan Bank interest rate reduction request
Regarding more accurate documents, the bank will tell you when you consult, but it will be very useful if you know in advance.
In this way, we looked into how to apply for the Shinhan Bank interest rate reduction request, the reason for the application, and the documents to be submitted. I hope it will be a good opportunity to use the interest rate cut request well to reduce the interest burden.