- General Loan
- Interest-Free Loan
- The-K Welfare Loan
- Installment Plan Loan
Mutual Aid System Loan
Saving
General Loan
General Loan
High borrowing limit through guarantee insurance and no prepayment penaltyA loan program is a customized financial service designed to provide reliable support for members during important moments in their lives. Under the General Loan, members can borrow up to the combined amount of their Long-Term Savings Benefit assuming withdrawal and the guaranteed loan limit available through credit insurance.
- Repayment Period and Method
- Maximum of 10 years (grace period+repayment period), equal principal and interest repayment (maximum grace period of 2 years)
- Eligible Loan Amount : Within the combined limit of standalone loans and guaranteed loans
- Standalone Loan : Available up to the limit of the Long-term Savings Benefit assuming withdrawal
- Guaranteed Loan : Available for the amount exceeding the standalone loan limit, provided the member subscribes to guarantee insurance (SGI Seoul Guarantee Insurance)
- Loan Limit : Up to the member’s Long-term Savings Benefit assuming withdrawal + KRW 100 million (depending on membership period and credit rating)
Interest-Free Loan
Interest-Free Loan
No prepayment penalty is charged, and applications can be submitted by mail or in personAn Interest-Free Loan allows members to borrow funds without interest in cases of illness, injury, or damage to their residence.
Health Care Fund Loan
When a member is diagnosed with tuberculosis or hospitalized for more than one week due to illness or injury.
- Repayment Period and Method : 1 year or 2 years / repayment of principal in installments
- Eligible Loan Amount : Up to KRW 5 million interest-free, within the limit of the Long-term Savings Benefit assuming withdrawal
Disaster Recovery Fund Loan
When a disaster occurs at the member’s registered residence, causing material damage to the house, its attachments, or household goods.
- Repayment Period and Method : 1 year or 2 years / repayment of principal in installments
- Eligible Loan Amount : Up to KRW 10 million interest-free, within the limit of the Long-term Savings Benefit assuming withdrawal
The-K Welfare Loan
The-K Welfare Loan
The The-K Welfare Loan is a special loan program that offers members various welfare benefits by providing loans at lower interest rates than the General Loan.
Wedding Loan
A loan program for members within 6 months before or after their or their children’s marriage
- Repayment Period and Method : Up to 10 years, equal principal and interest repayment, a grace period cannot be set.
- Eligible Loan Amount : Up to KRW 30 million per member, within the combined limit of standalone and guaranteed loans
Childbirth Loan
A loan program for members within 3 years since they or their spouse has given birth or adopted a child
- Repayment Period and Method : Up to 5 years, equal principal and interest repayment, a grace period cannot be set.
- Eligible Loan Amount : Up to KRW 10 million per child, within the combined limit of standalone and guaranteed loans
Housing Loan
A loan program for members within 3 months before or after the payment of outstanding balances when they or their spouse purchases or leases a home
- Repayment Period and Method : Up to 10 years, equal principal and interest repayment, a grace period cannot be set.
- Eligible Loan Amount : Up to KRW 30 million per member, within the combined limit of standalone and guaranteed loans
Installment Plan Loan
Installment Plan Loan
Flexible financial planning after retirement with no prepayment penaltyInstallment Plan Loan(Conversion)
A loan program that allows members to convert their existing loans at the time of retirement without repayment.
- Repayment Period and Method
- The repayment period must be shorter than the enrollment period of Long-term Savings Benefit(Post-retirement Installments).
- If the Installment Plan Loan (Conversion Type) amount is KRW 3 million or less, the repayment period may be set up to 3 years.
- Equal principal and interest repayment; a grace period cannot be set.
- Eligible Loan Amount
- (Applied amount for Long-term Savings Benefit(Post-retirement Installments)) - (after-tax retirement benefit) - (outstanding loan balance)
- The eligible loan amount is determined based on the member’s Long-term Savings Benefit(Post-retirement Installments) enrollment amount.
Installment Plan Loan(General)
A loan program that provides loans for up to 10 years to retired members who are receiving Long-term Savings Benefit(Post-retirement Installments) payouts.
- Repayment Period and Method
- The repayment period must be shorter than the remaining payout period of the Long-term Savings Benefit(Post-retirement Installments).
- If the Installment Plan Loan (General Type) amount is KRW 3 million or less, the repayment period may be set up to 3 years.
- Eligible Loan Amount
- Up to 60% of the remaining balance of the Long-term Savings Benefit(Post-retirement Installments)
- Equal principal and interest repayment; a grace period cannot be set.