These days, more and more people use Kakao Bank emergency loans in the short term.
카오뱅크 비상금대출 연장
Since it is simple and can be borrowed at a low interest rate of up to 3 million won with just a few clicks unique to Internet banks, we believe that it is useful for those in need of money or those in need of money.
Also, since it is in the form of a negative bank account, I only need to pay interest as much as I used it, and if I pay it back then, I don’t pay interest separately, so it’s even better to use it whenever I need it.
Applying for Kakao Bank’s emergency fund loan
What is Kakao Bank emergency fund loan? Kakao Bank emergency fund loans are made non-face-to-face by Kakao Bank, which is currently in the top financial sector…
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I have a post I wrote about this in October last year and let’s find out what has changed after 6 months.
First of all, the target can be used if the following two conditions are met regardless of job or income.
Cabin Emergency Payment Terms
– Conditions for application
– Koreans over 19 years of age
– Person who has no other restrictions on use (credit issues and indemnification bankruptcy, etc.)
– Limit: Minimum KRW 500,000 to KRW 3 million
– Duration: 1 year
– How to proceed with the extension of the maturity:
If you apply for an extension after maturity, you can extend it every year after review.
We inform you of the expected maturity date 30 days before the maturity date by text or e-mail, and if you want, you can extend it if there is no problem after review.
If you receive such guidance, you will receive a message at the top of the MY screen saying, “Please proceed with the extension application” after logging in to the Kakao Bank app.
If you click on it and click Agree -> Review Results -> Contract to extend the period, it will automatically extend in 1 minute.
– Repayment in advance:
If you don’t want to use it anymore after a year, you can fill up the amount you spent on your negative account only before maturity.
As it is a negative bank account, there is no customer burden, and there is no cancellation fee due to interim repayment.
– Interest rate:
The interest rate is applied from 4.6% to 15% on an annual + additional basis, and the interest rate is all different depending on the individual’s situation, so you need to apply and see how much it will be in advance.
If you can borrow it at 4.6%, the total interest you use for one year is 138,000 won.
Even if interest rates are applied up to 15% due to poor credit, the total interest used for one year is 450,000 won.
Interest is automatically calculated and withdrawn automatically as much as you used it in your emergency loan account every month, and if the balance of your deposit is insufficient, it will be withdrawn within the limit.
– Application method
To apply for the Kakao Bank emergency fund, click on the window Moyae emoji at the bottom and scroll straight down to the bottom within the Kakao Bank app, and you will see the “Emergency Loan” menu.
Click this to see the detailed information and a rough infographic and explanation of how it can be used, and click ‘Apply for emergency funds’ to review and complete the application in one minute.
Upon completion of the application, an account will be created immediately in the name of “emergency funds” and 3 million won can be withdrawn and transferred in cash.
It can be used within the limit of 3 million won, and when using it, it is marked like that, so you can easily put it in and out like a negative bank account at any time, and you only need to pay interest as much as you use it.
Using this does not mean that your credit rating will fall, so you can use it without worrying.