Woori We'll Rich Joogerae Professional Loan
- Woori We’ll Rich Main Transaction Office Worker Loan
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1% Cash Back of Interest Amount
- Credit loan for office workers who have designated Woori Bank as the main transaction bank
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- Loan Type
- Credit loan, general office worker loan, professional/affiliate company loan
- Eligibility
- Office workers with an earned income of KRW 30m million and with a working tenure of no less than 1 year
- Loan Period
- One-time Full Re-Payment at Maturity: 1 year
- Loan Limit
- Up to KRW 150 million
- Overview
- Credit loan for office workers who have designated Woori Bank as the main transaction bank
- Characteristics
- Office workers who have designated Woori Bank as the main transaction bank can take out a credit loan of up to KRW 150 million.
- Eligibility
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- Office workers with an earned income of KRW 30 million and a working tenure of no less than 1 year, or
- Office workers with an earned income of KRW 20 million and a working tenure of no less than 3 months who meet the main transaction requirements
※ Excluding those with 7~10 grades under the external CB (credit information agency) or those with 500% or more debt ratio in comparison with annual income
- Main Transaction Requirements: Meet all the following categories
- ① Payroll deposit with Woori Bank
- ② Automatic transfer of telecommunications fee, public utilities fees, etc. for no less than 3 times or that of apartment management fee with Woori Bank
- ③ Woori Card (Credit) ownership
- Loan Limit Amount
- Up to KRW 150 million, to the extent of 120% of annual income (discriminative application per CB grade)
- Loan Period
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- One-time Full Re-Payment at Maturity, Limit (Minus Bank Note) Loan: 1 year, renewable up to 5 years
- Installment Re-Payment Loan: Equal installment repayment of principal up to 5 years
- Basic Interest Rate
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- Basis Interest Rate: 3-month KORIBOR
- Additional Interest Rate: Discriminative application per credit ranking (2.4%p ~ 4.5%p)
※ Additional 0.5%p per annum per loan for the limit loan type
- Preferential Interest Rate
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- Preferential Interest Rate: Up to 0.7p per annum
※Preferential rate of up to 0.7%p is offered, depending on the transaction eligibility, such as payroll transfer or public utilities fee transfer.
- Repayment Method
- One-time full re-payment at maturity, banknote repayment (limit loan), installment repayment
- Related Documents
- Employment certificate, earned income certificate, identification and other necessary documents
- Customer Fees
- Stamp Tax: 50% burdened by the bank and the customer each, discriminative application per loan amount (waived for the loan for no more than KRW 40 million)
- Benefits
- 1% cash back of interest amount
- When all of the following conditions are met, 1.0% cash back of the interest amount paid for 1 year since the account opening shall be credited to the customer’s account every year.
- ① When the loan is utilized without any default for 1 year; and
- ② When the main transaction requirements are met as of the 1st anniversary of the account opening
- Early Repayment Fee
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- Re-Payment After 3 Years After the Account Opening: Waived
- Re-Payment Within 3 Years After the Account Opening: Repaid amount x 0.5% x (remaining period up to the maturity/ loan period)
※ However, early repayment fee is waived when the loan is repaid within 1 month prior to the loan maturity.
- Product Name Change
- “Woori Joogerae Professionals Loan” has been re-named to “Woori We’ll Rich Joogerae Professionals Loan”
