Woori New Generation Plus Loan
- Woori New Generation Plus Loan
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Office Worker Credit Loan
- Credit loan for officer workers~!
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- Loan Type
- Credit Loan
- Eligibility
- Office workers with the annual earned income of KRW 25 million (provided, however, that the ones with 6~10 grades under the external CB are excluded)
- Loan Period
- One-Time Full Re-Payment at Maturity: Prescribed within 1 year, renewable up to 5 years
Principal Installment Re-Payment: Prescribed for up to 5 years
- Loan Limit
- Up to 150% of annual income
- Overview
- Credit loan for officer workers~!
- Characteristics
- Much higher limit!! Much lower interest rate!! Much more benefits!!
- Eligibility
- Office workers with the annual earned income of KRW 25 million
※ (Excluding the ones with 6~10 grades under the external CB)
- Loan Limit Amount
- Up to 150% of annual income
※ This limitation shall be applied in a discriminative manner, depending on individual credit ranking, existing loan amount, and cash service amount.
- Basic Interest Rate
- Loan per Transaction: The minimum rate of 4.88% per annum~ (as of 2014.05.19 )
※ In terms of 3-month KORIBOR, the term of 1 year, the amount of KRW 20 million, and 1 grade under Woori Bank’s credit ranking system, and the inclusion of the maximum preferential rate of 0.3%p
※ Loan interest rate may be modified subject to the customer’s credit ranking, applied loan amount, repayment method, etc.
- Preferential Interest Rate
- Up to 0.3% with the payroll transfer, New Generation Plus account opening, etc.
- Repayment Method
- One-time full re-payment at maturity, equal principal installment repayment, limit loan (minus banknote)
- Loan Method
- Per transaction or limit
- RelatedDocuments
- One copy of employment certificate, one copy of the earned income withholding tax receipt for the recent year, and any other necessary documents for loan application
- Customer Fees
- Stamp Tax: 50% burdened by the customer, discriminative application per loan amount (waived for the loan for no more than KRW 40 million)
- Benefits
- Preferential interest rate of up to 0.3%
※ Benefits may be applied in a discriminative manner, depending on the transactional record with Woori Bank, such as payroll transfer, New Generation Plus account opening, etc.
- Early Repayment Fee
- 0.5% within 3 years (discriminative application, depending on the remaining period)
- Miscellaneous
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1) The loan application, including the loan amount, shall be reviewed based upon our review standards and the customer credit ranking.
2) A separate early repayment fee shall be imposed in the case of the early repayment during the prescribed term.
3) The loan amount, in part or in whole, may become immediately due and payable, depending on the customer’s record change (workplace, annual income, loan amount, etc.) and customer credit ranking as of the term renewal.
4) The loan interest rate is subject to the base interest rate fluctuation.
5) Upon a default regarding the loan repayment or interest payment, the overdue penalty rate shall be applied and any unfavorable property disposition may be imposed, such as set-off with other securities, i.e., deposit, or legal proceeding initiation.
