NH Cock Emergency Loan is a small credit loan product provided by Nonghyup, and is a financial service especially suitable for individuals who need urgent funds. This loan product can be applied for up to 3 million won via mobile phone, and is characterized by being unsecured and unsecured. However, only union members, associate members, and Hanaro Family customers (green level or higher) can apply, so certain conditions must be met (My House Lawyer) (Techniques of Debt Relief and Loans).
Main features of NH Kok emergency loan NH콕 비상금대출
Loan limit and period: Loans are available from a minimum of 1 million won to a maximum of 3 million won, and the loan period is set to 1 year. This is operated in the form of a negative account, and repayment is made by depositing the principal into the contract account. There is no early repayment fee ().
Interest rate: Loan interest rates vary depending on the local agricultural and livestock cooperative, and are cheaper than general second-finance emergency fund loans. The interest rate announced by each agricultural and livestock cooperative is applied on the new loan date ().
How to apply: You can apply for a loan through the NH Kok app in a relatively simple process. A big advantage is that unemployed people can apply without proof of employment or income ().
Reason for rejection (rejection) and response plan
Here are some of the main reasons why your NH Kok emergency loan application may be rejected:
If you are not a union member, associate member, or Hanaro Family customer (green level or higher)
Do not have a deposit/withdrawal account for agricultural and livestock cooperatives
Application by sole proprietors and corporations
When credit rating information such as delinquency is listed as a result of a credit check
Cases subject to transaction restrictions due to financial fraud, etc.
In case of failure to meet internal loan screening standards
When verifying your mobile phone identity, if the mobile phone is not in your name
If you apply for a loan between 22:00 and 24:00 on the 10th of every month (Debt Relief and Loan Technology).
Alternative products that can be considered when a loan is rejected include emergency fund loan products from other banks. Since there are many emergency fund loan products on the market with different conditions, one option is to look into products from other banks if you have been rejected for a loan from one bank. However, it is not recommended to continuously use short-term, high-interest emergency loans, and if necessary, you should consider restoring your credit through government-backed loans or debt refinancing policies (debt relief and loan techniques).