NH NongHyup Bank, Korea Credit Guarantee Fund to launch non-face-to-face guaranteed loan in first half of next year

NH NongHyup Bank announced Monday that it has signed an MOU with the Korea Credit Guarantee Fund on "promoting non-face-to-face and digital finance," with plans to launch the "Easy-One guaranteed loan" product in the first half of next year.

The Easy-One guaranteed loan allows customers to complete the entire process — from guarantee application to loan disbursement — on a mobile device, without visiting a credit guarantee agency or bank branch in person. Once launched, the product will be available through the NH All One Bank app and NH Corporate Internet Banking, enabling customers to apply, submit documents, sign agreements electronically and receive funds entirely online.

Backed by a special contribution from NH NongHyup Bank, the product will provide up to 100 million won ($74,800) in working capital per company, with a guarantee ratio of 100 percent. The initiative aims to ease the financing burden on sole proprietors and small and medium-sized enterprises while improving access to financial services.

The MOU was signed Friday, with NH NongHyup Bank Executive Vice President Eom Eul-yong and Korea Credit Guarantee Fund Director Jeong Hyeon-ho among those in attendance.

"Through this agreement, we expect to significantly improve financial accessibility for small business owners and small and medium-sized enterprises who find it difficult to visit a branch," Eom said. "We will continue to innovate digital financial services from the customer's perspective, building a financial environment that is easy and convenient to use anytime, anywhere."

Meanwhile, NH NongHyup Bank also launched Monday the "NH Baro Settlement Service," designed to enhance the stability and convenience of dedicated accounts and advance settlement transactions for small business owners.