Loans backed by customers' securities as collateral are provided
Loans backed by a wide range of securities are provided with high loan limits, aiming to address the various financing needs of customers.
| Revolving Loan | Non-Revolving Loan | |
|---|---|---|
| Eligible Customers | Individual and corporate customers that hold securities | |
| Loan Limit |
|
|
| Collateral |
Listed stocks, bonds, beneficiary certificates, CDs, CPs, subordinated bonds, unlisted stocks, stock options ※ Real estate can be used as secondary collateral ※ Certain securities may be determined ineligible upon inspection |
|
| Loan Period | 1 year (May be extended each year) | |
| Interest Payment | Automatically paid from the customer's account on the day designated by the customer | |
| Transaction Method |
Possible to withdraw or repay funds up to a pre-approved loan limit and make repayments during the agreed loan period. After opening the master account(KSFC deposits) and signing agreement for a revolving loan, the customer can apply for the loan online(or via mobile) at anytime within the pre-approved loan limit and eligible collateral ratio. ※ The withdrawal amount exceeding the balance of the master account shall be processed as loans, and deposits to the account will be used automatically to repay the loan on the date of deposit. ※ Business hours for the application of revolving loans: 8:30~21:30 on business days |
Possible only to repay the loans during the agreed loan period (a prepayment fee is charged if the customer repays the loan more than one month before maturity) *Prepayment fee=repaid amount x fee rate (1.0%) x no. days until maturity ÷ 365 (366 in leap years) |
| Interest Rate |
■ Loan interest rate : Benchmark rate + Spread ± Profit margin ◆ Benchmark rate(variable interest rate) : Choose between 91-day CD / 6-month or 1-year AAA-rated unsecured bank bond (1-year AAA-rated unsecured bank bond is only available for blue-chip customers with loan contract for more than one year) ※ Interest rate spread is 0.5%p higher than that of non-revolving loans (as of July 1, 2018) |
■ Loan interest rate : Benchmark rate + Spread ± Profit margin ◆ Benchmark rate(choose between fixed or variable interest rate) - Fixed interest rate : 1-year AAA-rated unsecured bank bond - Variable interest rate : Choose between 91-day CD / 6-month or 1-year AAA-rated unsecured bank bond (1-year AAA-rated unsecured bank bond is only available for blue-chip customers with loan contract for more than one year) |
※ Please contact our customer service for more detail.
