Toss Bank CEO’s negative bankbook, why is it so popular?
Toss Bank is an internet-only bank that operates only online. However, Toss Bank operates without any stores, but it is a bank belonging to the first financial sector.
Therefore, if you get a loan from Toss Bank, you can enjoy the same effect as getting a loan from a commercial bank in the 1st financial sector that we are familiar with. This means that you can get a loan at a low interest rate and manage your credit score very well. 토스뱅크 사장님 마이너스통장
However, Toss Bank is not the first loan that the president’s minus bankbook has launched for individual entrepreneurs. Did you know? 이베이스매뉴얼
In other words, on February 14, 2022, Toss Bank has already launched the ‘Toss Bank President Loan’, a 100% non-face-to-face personal business loan for the first time as an internet-only bank. This loan product also gained explosive popularity to the extent that the loan amount exceeded KRW 116 billion within a month of its launch.
However, Toss Bank did not stop there, and on May 11th, Toss Bank CEO Minus Passbook, a loan with a negative bankbook method that individual business owners can use more conveniently, was newly launched.
As mentioned earlier, this product has also gained a lot of popularity among individual entrepreneurs since its launch. So, why is it so popular?
As a former banker, in my personal opinion, first of all, even though it is a loan from the first financial sector, the qualifications are not strict.
In addition, there is no need to prepare loan documents and 100% non-face-to-face loan application is very convenient for individual business owners who have difficulty visiting the bank.
And because Toss Bank is actively lending to attract new customers, the approval rate is very high.
In addition to this, as a product with the advantage of being able to use it as a negative bankbook method has been released, it seems to be loved by more and more individual business owners.
Toss Bank – President – Negative Passbook
Minus bankbooks are well known to those who have used it once, but once used, it is a very addictive loan that is very difficult to cancel.
In particular, a negative bankbook is a very useful loan product that can give psychological stability to individual business owners who often need urgent money.
In fact, even when I was working at a bank, individual business owners preferred loans with negative bank accounts. However, from the bank’s point of view, there have been many cases in which loans using the negative passbook method are only available to individual business owners, who are really good customers.
The reason is that there are many aspects of negative bank accounts that are difficult to manage from a bank’s point of view.
However, this time, Toss Bank seems to be gaining a lot of popularity when it launched a loan product exclusively for individual business owners with a high approval rate while maintaining the strength of the negative bankbook.
Therefore, individual business owners should check the loan targets and loan conditions introduced from now on, and then actively apply for a toss business minus bankbook.
Toss Bank CEO minus bankbook loan target
Individual business owners who have a business registration number that are currently operating normally can apply for the toss business minus bankbook.
However, only those who additionally meet the following two conditions can apply.
① A sole proprietor who has been in business for more than 1 year from the date of business opening on the business registration certificate or a sole proprietor who has generated sales history for at least 6 months in the last six months
② Individual entrepreneurs with annual income of 5 million won or more
Toss Bank CEO minus bankbook loan conditions
The maximum loan limit is 100,000 won to 500,000 won. Loan interest rates range from 4.58% to 15.0% per annum.
And the loan term is one year. However, it can be used for up to 10 years by extension in 1 year increments.
The repayment method is that you pay only interest every month, and then repay the entire principal at the end of the month. However, it can be used as a negative bank account method.
Therefore, it is possible to repay and re-loan the loan freely within the loan limit. The interest on the loan is very reasonable because you only have to pay the amount actually used out of the negative account.
In particular, it can be said that it is a more advantageous method for individual entrepreneurs with a lot of money flow. In addition, the prepayment fee is waived, so you can repay the principal at any time without paying any fees.
How to apply for a negative bank account by the CEO of Toss Bank
You can easily apply for the ‘Toss Bank President’s Minus Passbook’ at any time through the Toss Bank app. As long as there is a ‘toss certificate’ for the documents required for loan, you can easily submit it through the mobile app without having to directly issue a paper document.
You can apply at any time, 365 days a year, 24 hours a day. However, since the operation of ‘Hometax’ is suspended from 22:00 to 08:00, ‘Toss Bank’ cannot retrieve income data from ‘Hometax’ and therefore cannot conduct a review.
Therefore, please avoid applying for a loan during this time period.
A summary of the best loans for individual business owners
Toss Bank has a ‘Loan by the President of Toss Bank’, which was launched in February as explained above. You can think of it as a product similar to the ‘Toss Bank President’s Minus Passbook’ loan introduced this time.
However, since the limit is higher at 100 million won and the interest rate is relatively low, those who do not need the negative bankbook method should apply for the ‘Toss Bank President Loan’ when applying for a loan.
In addition, Toss Bank is also handling ‘Toss Side Idol Loan’, a government-supported loan. As the ‘Seoul Guarantee Insurance’ is a government-supported loan, the approval rate is high even for low-income and low-credit people.
Individual entrepreneurs who have been in business for more than 6 months and have an annual income of 10 million won or more can apply for the ‘Siddol Loan’. The maximum loan limit is KRW 20 million and the loan interest rate is as low as 5% per annum.
And the maximum loan period is 5 years, and the repayment method is equal principal and interest, which is repaid at the same time every month.
For reference, the government provides many loans for low-income and low-credit individual entrepreneurs. So, in the article below, we have summarized the government-supported private business loans.
Therefore, it will be very helpful for individual business owners to use government-supported loans at low interest rates. Sole proprietors, please check.
↓Click the link below for more information↓
Summary of government-supported private business loans
In this article, among various government-supported private business loans, only loans that can be used by low-income, low-credit individual business owners are collected and summarized. We will provide you with reliable information based on the experience of the banker. So, if you are a sole trader, please check this article.
concluding remarks
Today, I introduced ‘Toss Bank CEO’s minus passbook’. I hope that the information in this article will be of great help to individual entrepreneurs in solving their needs.
As such, while commercial banks are preparing to increase the limit of negative bankbooks one after another, the three Internet-only banks, which are rapidly increasing customers due to their relatively easy usability, are trying to find out how they are operating negative bankbooks.
K-Bank: Limit 150 million (minimum 3.87%)
K-Bank minus passbook details
Among the three Internet-only banks, K-Bank has a low interest rate overall and is active in lending, so it is mainly used. The K-Bank Matong that I currently have is also using 4.09%, which is not bad.
In addition, since it is strictly the first financial sector, mortgage loans are also converted to K-bank and used at a discount of 2%.
If you look at the conditions, like most negative bankbooks, they look at the income standard and provide it in the form of renewal every year. Since a negative bankbook is also a credit loan, I think it would be easier to calculate the DSR for other loans if it is calculated as 5 years based on the DSR standard.
K-Bank minus passbook arrangement
– Maximum: 150 million won
(Only within 100% of annual income)
– Minimum interest rate: 3.87%
– Worked for more than 6 months, annual income of 20 million or more
– Loan period: 1 year (can be extended up to 10 years)
Toss Bank: Limit 150 million (minimum 3.84%)
Toss Bank minus passbook details
Toss Bank has a minimum of 3.84%, which is three cents lower than that of K-Bank, and a maximum of 150 million won.
Other than that, the terms of employment and annual income are a bit more loose than those of K-Bank, and the rest of the conditions are the same as those of K-Bank.
As mentioned in the existing negative bankbook/loan, the bank with the lowest interest rate may not be the bank that offers a lower interest rate, so please make sure to include your conditions when opening a bank and compare interest rates.
Toss Bank negative account arrangement
– Maximum: 150 million won
(Only within 100% of annual income)
– Minimum interest rate: 3.84%
– Working for 3 months or more, annual income of 10 million or more
– Loan period: 1 year (can be extended up to 10 years)
Kakao Bank: Limit 0.3 billion (minimum 3.73%)
Kakao Bank is a bit conservative when it comes to lending. Therefore, the interest rate is high or the limit is low.
The maximum loan limit is 30,000 won, which is very low. Commercial banks are also providing 50 million won, but it can be seen that they will not actually do this.
The lowest interest rate is 3.74%, which is on the low side, but it is actually quite high. (Kevin Matong is 4.09%, but Cabin Matong is 4.78%, which is actually used.)
In addition, the conditions for employment and annual income are also significantly higher than those of the other two banks, providing a condition of not less than 35 million won for one year of service.
It seems that it is right not to accept any kind of loan at Kabeng.
Kakao Bank negative bankbook arrangement
– Maximum: 30 million won
(Only within 100% of annual income)
– Minimum interest rate: 3.73%
– Worked for more than 1 year, annual income of 35 million or more
– Loan period: 1 year (can be extended up to 10 years)
Let’s summarize.
Comparison of Kevin vs. Tobin vs. Cabin Minus Account
– maximally: