Kookmin Bank Minus Account Opening Loan Extension Conditions
As a product for office workers, the automatic bankbook loan (minus bankbook) method is also available at will. Originally, the maximum limit is 200 million won, but the 국민은행 마이너스통장 negative bankbook method is possible up to a maximum of 100 million won. Kookmin Bank negative passbook interest rate conditions The basic interest rate is 2.65% to 3.65%. Since it is based on the first grade of credit rating, the interest rate may differ depending on the credit rating. In case of negative bankbook method, an additional interest rate of 0.5% per annum is applied. The prepayment fee is about 0.7%, but in the case of the negative bankbook method, of course, there is no prepayment fee.
… Kookmin Bank negative account extension conditions For more information▼ 이베이스매뉴얼
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First of all, this post
In fact, the process of extending the account without reducing the negative account
Let me tell you that it was captured and organized!
To understand why we do this
I recommend that you learn the theory (?) from my previous post 😉
(Check the link below)
How to extend Kookmin Bank’s negative account limit without reducing the limit (negative account extension, negative interest rate)
They take away the loan I’ve received A few weeks ago, I received a text message from Kookmin Bank. The negative account usage rate is low, so…
To put it simply again,
1. One day before the expiry date, make the account balance in the negative bank account to 0 won
2. One day before expiration, withdraw 51% of the negative account limit
3. Confirm the extension of the expiration date (most important)
4. Pay Off Your Loan
Now, let’s start protecting our small negative account-!
1. Make the account balance of the negative passbook account to 0
Work the day before the due date!
One day before expiration! Be sure to save it to your calendar
There was 560,000 won in cash in the account linked to the negative bankbook.
Transfer all of this to another account.
You can just transfer it to another account in the same bank!
If you made the balance to 0, you are ready!
※Reference
This is a job I do because I am tired of turning the calculator.
51% of the balance + negative account limit
You are free to transfer at once!
2. Withdraw 51% of the negative account limit
Because I made the account balance to 0 won
The amount that can be withdrawn is the negative account limit
My minus bank account limit is 56.5 million won (full amount of credit information disclosed..)
51% of the limit is 28,815,000 won
I transferred 28.82 million won according to the unit of 10,000 won.
It doesn’t matter if you move it to another account in the same bank too!
After the transfer, the loan balance will be displayed according to the amount transferred.
Loan balance = Loan amount received
Loan principal = negative account limit
That’s it!
It’s a lot simpler than you think, right?
It’s so simple I spent the day wondering if this is real
3. Check if the extension is extended without reducing the limit
I woke up in the morning and got a push notification.
The interest on the loan was withdrawn a little past 12 pm.
Thump-thump- Is it extended?!
Dudung Tak – Mission Success!
The maturity of the loan has been extended by 1 year and the principal (= loan limit) remains the same!
Because interest is accrued for one day
The loan balance increased by 2,785 won.
But I wonder why there is a difference of 2 won from 2787 won for push notifications..
4. Pay Off Your Loan
Negative bankbooks accumulate interest on a daily basis.
If you have only confirmed the extension of the maturity date, do not delay and pay it off right away!!
Deposit the same amount of the loan balance you checked earlier into the negative bank account and you are done.
Because I made the balance to 0 won yesterday
If it is 0 won again, the loan has been repaid normally.
-I felt that-
extension is easy
Interest rate hikes are brutal
As informed in advance, the negative account interest rate was increased by 1.0%p.
Deposit interest rates are virtually the same.
Loan interest rates are staggering ^_^v
Check the opening conditions and interest rates of Kookmin Bank minus account
Hello everyone~ This is Loan Brothers who have been here for a long time! Did everyone go on summer vacation? It’s been a while since I’ve been on a mukbang tour with my friends. Hehe It was the holiday season, so everywhere I went, people were bustling. With the corona virus on the rise again, I always wore a mask. As the daily number of confirmed cases exceeds 100, I think you should be especially careful!
Today, I’m going to take some time to find out the conditions and interest rates for opening a negative bank account at Kookmin Bank. Let’s start with the basic concept of a negative bank account. This is because you can take it out and use it right away without having to go through a separate procedure like this one! Moreover, with the advent of internet-only banks that set low interest rates compared to commercial banks, their popularity is increasing day by day. A negative bankbook is also the same concept as borrowing money, but its official name is a liquidity limit loan! Unlike general financial products, there is a maximum amount that you can withdraw even if you have no balance, and you can borrow money flexibly within this limit. If you have a negative passbook with a limit of 10 million won, you can withdraw up to 10 million won even if the account balance is 0!
How to open and apply for a negative bank account at Kookmin Bank
Kookmin Bank is operating a negative passbook finance product to prepare for the urgent need to use funds. Now, let’s take the time to learn more about the application qualifications, limits, period and interest rates! The advantage of Kookmin Bank’s negative account book is that it can be used freely or whenever necessary within the initial loan contract amount. In some cases, it is used as an emergency fund because interest is charged only on it. In addition, it is considered an advantage to be able to prepare for emergency funds, or when a child or family member suddenly becomes ill and needs hospital expenses. However, the above advantages certainly exist, but like a free deposit and withdrawal bankbook, you can take it out and use it at any time, so it rather increases the light, so please use it carefully according to your purpose!
You can apply for a negative bank account at Kookmin Bank if you have been working for more than 1 year and your credit rating is within the 1st to 4th grades of Kookmin Bank. You can apply up to a maximum of 100 million won, and you can apply up to 150% of your annual income. As mentioned above, it is worth noting that interest is applied only on the amount actually used regardless of the grant of the limit, rather than the fact that interest is charged even if the limit is granted. However, by applying for an extension before the expiration date, it can be extended for one year, up to a maximum of 10 years.
Interest rates and required documents
The interest rate of the Kookmin Bank minus passbook is finally determined by the base interest rate + additional interest rate – preferential interest rate, and can be applied from a minimum of 2.88% per year. I hope you do. In order to apply for the above product, 1) a resident registration card that proves your identity, a driver’s license, or one of the passports issued in Korea, 2) a certificate of employment issued within the last 1 month to confirm your employment, 3) you can verify your income Just visit the nearest Kookmin Bank branch with your earned income withholding tax receipt (issued by Hometex)!
As the Kookmin Bank Minus Passbook has distinct advantages and disadvantages, you should carefully compare whether it is the best option in your situation and approach it with a clear plan on how to repay it. If you can use and repay financial products in a short period of time, a negative bankbook may be a good option. Using it during periods of erratic cash flow can also be advantageous in terms of cash flow. However, if you constantly need funds and need to repay for a long time, using other financial products is a good way to relieve the interest burden.
A negative bankbook is not a magic lamp. It is not money that I can use for free, it is a financial product, so I have to limit the amount that I can borrow, not the amount that I can borrow as much as possible, and use it as a limit. You must also have a repayment plan that matches your income. The use of financial products is a clear light in itself. I often find out about these various financial common senses on a site called “Loan Brothers”. Since you can easily find various information and products for each product by job category, the time is considerably shortened and you can find only the information you need.
Then I will next time