Saemaul Geumgo, financial support for flood damage recovery – Deal Site

2023-07-17 08:45:55

[딜사이트 박관훈 기자] Saemaul Geumgo supports loan debtors in areas affected by torrential rains by extending maturity and deferring principal and interest payments.

Saemaul Geumgo announced on the 17th that it would provide financial support for residents in affected areas due to heavy rains across the country.

The target is a loan debtor of Saemaul Geumgo in an area affected by torrential rain. If you submit a ‘damage fact confirmation’ from the local administrative authority and submit it to Saemaul Geumgo, you can receive debt maturity extension and principal and interest payment deferment.

In the case of debt deferment, if the existing loan is repaid at maturity, the maturity is extended within one year from the date of application. In the case of the principal and interest repayment method, it is converted to a repayment at maturity or support for repayment deferment up to 6 months from the date of receipt. When a customer who has been damaged applies for a new loan, a preferential interest rate of around 1.0% can be applied.

Debtors who wish to receive financial support can visit Saemaul Geumgo from the 17th to the 18th of next month to fill out and submit an application.

An official from the Saemaul Geumgo Federation said, “The 1,293 Saemaul Geumgo nationwide will actively participate in preparing support measures to support flood damage, such as volunteering and providing goods, and sharing the pain for local communities that suffered enormous damage from this torrential rain.” We plan to do our best in our role as a microfinance institution in the future.”

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