NH Kok Emergency Loan Early Repayment Fee Waiver and Comparison with Other Loans
The NH Kok Emergency Loan offers a unique advantage among emergency loan products in South Korea: no early repayment fee. This means that borrowers can repay their loan in full at any time without incurring additional charges, providing greater flexibility and financial relief.
Here’s how the NH Kok Emergency Loan’s early repayment policy compares to other loan options:
1. Comparison with General Small-Sum Loans:
NH Kok Emergency Loan: No early repayment fee
General Small-Sum Loans: Early repayment fee typically 1~3% of the remaining loan balance
2. Comparison with Credit Card Loans: NH콕 비상금대출
NH Kok Emergency Loan: No early repayment fee
Credit Card Loans: Early repayment fee typically 1~5% of the remaining loan balance
3. Comparison with Bank Overdrafts: 이베이스매뉴얼
NH Kok Emergency Loan: No early repayment fee
Bank Overdrafts: Overdraft interest applies until the full amount is repaid
Benefits of NH Kok Emergency Loan’s Early Repayment Fee Waiver:
Reduced financial burden: Borrowers can repay their loan early without additional costs, saving money on interest charges.
Increased flexibility: Borrowers can adjust their repayment schedule based on their financial situation without penalty.
Improved credit score: Early repayment of debt can improve a borrower’s credit score, making it easier to qualify for future loans at lower interest rates.
Other Features of NH Kok Emergency Loan:
Maximum Loan Amount: Up to 3 million KRW
Loan Term: 3 months to 5 years
Interest Rate: 5.88%~ (subject to individual credit rating)
Application Method: NH Kok App or NH NongHyup Bank branch
Eligibility Requirements:
Korean citizen over the age of 19
NH NongHyup Bank account holder
Stable income and creditworthiness
To learn more about the NH Kok Emergency Loan and its early repayment policy, please visit:
NH NongHyup Bank website:
NH Kok App: Download the NH Kok App and select ‘Products/Services’ > ‘Loans’ > ‘NH Kok Emergency Loan’
For additional assistance, you may contact the NH NongHyup Bank customer center at