DW BANK (동원제일저축은행)

Description

■ Dongwon Jeil Savings Bank loan products
① Dongwon Sapron
- Product Name: Dongwon Saferon
- Eligibility for loans: * Office workers, businesses, freelancers
* Customers aged 19 or older with proof of income
* NICE personal credit score of 515 or higher
- Loan limit: within KRW 1,000,000 - 30,000,000
- Loan period: minimum 24 months ~ maximum 60 months (can be selected by year)
- Repayment method: Repayment of principal and interest in equal installments every month, repayment of principal in equal installments every month
- Interest payment period: Monthly designated payment date and loan maturity date
- Loan interest rate: * Annual 13,94% ~ 19.90%
* Monthly interest after payment
* Loan interest rate = base rate (procurement cost) + additional interest rate (business cost, legal cost, capital cost, credit cost, etc.)
- Overdue interest rate: Loan interest rate +3% (up to 20%)
- Application of loan interest rate: Fixed interest rate (interest rate applied at the time of loan execution remains the same throughout the contract period)
- Preparatory documents: ID card, income verification documents, other documents required for loan review (additional documents may be generated during loan review)
- Incidental cost: none
- Early redemption fee: * 1.9% per annum
* Differential application depending on the number of remaining days
* Within 20.0% per annum including early redemption fee
* Formula: Pre-due loan repayment amount X Pre-due repayment commission rate X (remaining number of loan days ÷ loan period)
※ However, it is applied to repayment within a maximum of 3 years from the loan commencement date


② Online Sunshine Theory
- Product Name: Online Sunshine Theory
- Eligibility for loans: Workers with an annual income of less than KRW 45 million and who have been employed for more than 3 months (those in the lower 20/100 of CSS personal credit score of one or more companies)
- Loan limit: up to KRW 15 million
- Loan period: 3 or 5 years
- Repayment method: repayment in equal installments
- Interest payment period: Monthly designated payment date and loan maturity date
- Loan interest rate: * 7.39% ~ 8.09% per year (as of February 2022)
* Loan interest rate = base rate (procurement cost) + additional interest rate (business cost, legal cost, capital cost, credit cost, etc.)
- Overdue interest rate: Loan interest rate +3% (The overdue interest rate (compensation for delay) does not exceed the legal maximum interest rate (20.0% per annum).)
- Application of loan interest rate: Variable interest rate for livelihood funds
- Documents to be prepared: ID card, employment verification document, income verification document, resident registration abstract, bankbook copy, etc. (Additional documents may be required during loan review)
- Incidental expenses: Credit guarantee foundation guarantee fee: 2% per year of loan amount (guarantee rate reduced by 0.1%p when financial education or credit and debt management consulting is completed)
- Early redemption fee: none

※ Other notes
- Please check the product description and terms and conditions before signing the contract.
- You have the right to receive a sufficient prior explanation of the product, and please trade after understanding the explanation.
- Availability of a loan is determined according to the savings bank's screening criteria and customer's credit rating, and it is based on the information provided by the customer, so please accurately inform us of all items.
- If there is a reason for disqualification according to our loan regulations, such as credit rating or personal credit score, loans are restricted.
- If the information you have applied for is different from the facts, you may not be able to apply for a loan.
- Cannot exceed the legal maximum interest rate, including interest rates and fees.
- If repayment of the loan or interest payment is delayed, the overdue interest rate is applied, and you may suffer property disadvantages due to offset with other bonds such as deposits or legal procedures.
- In the event of non-repayment after the maturity of the loan, you may receive disadvantages such as payment of overdue interest on the loan balance, registration of financial disorder information such as overdue.
- In case of overdue, an obligation to repay the principal and interest may occur before the expiration of the contract period.
- Excessive borrowing can cause a drop in personal credit score.
- Restrictions or disadvantages in financial transactions may occur due to a drop in personal credit score.
- For other details, please call 1544-8811 or refer to the loan product description.

[Collection of customer data (sensitive information)]
- Items for investigation of credit disorder behavior (prevention of voice phishing damage of customers using DW BANK App through malicious App detection): Malicious App detection information, diagnostic information on detected malicious App.
- Confirmation of access to usage information for the purpose of preventing financial fraud through remote control apps.