Kakao Bank emergency fund loans are loans that can be easily received with a limit of up to 3 million won. The maturity is one year, and when the maturity arrives, you can apply for an extension on a yearly basis through the Kakao Bank app. At this time, the extension is decided through a re-examination of the loan. 카오뱅크 비상금대출 연장
There are times when you suddenly need money in your social life. In this case, most people solve the problem by borrowing money from people around them or receiving credit card cash services.
jasminevista.com
However, borrowing money from people around me affects my reputation, and cash services have too high interest rates and have a bad impact on my credit rating.
A useful product in this case is a contingency loan. It can be easily borrowed and used whenever necessary, and can be repaid whenever not needed.
[Contents]
What is Kakao Bank emergency loan?
Kakao Bank’s Emergency Money Loan Advantage
Kakao Bank’s Emergency Money Loan Disadvantages
How to extend Kakao Bank emergency loan
How to cope with Kakao Bank’s emergency loan rejection
What is Kakao Bank emergency loan?
Kakao Bank emergency payment loans are literally products that lend for emergency payment purposes. In line with the word emergency payment, it has the advantage of being able to open a loan account as soon as necessary and being able to use it immediately at any time.
Maximum: 3 million won 
Minimum interest rate: 6.79% per annum
Loan maturity: 1 year (can be extended by 1 year)
Repayment method: Temporary repayment of maturity
Kakao Bank’s Emergency Money Loan Advantage
① It is possible to open a loan account immediately if necessary.
You can borrow it with your application’s self-authentication
The biggest advantage of emergency payment loans is that you can open an account right away when you need it. You can easily access the application and get a loan only with your identity authentication, and you can also withdraw money directly through a debit card.
② Interest is incurred only for the period of use.
If you need money for a short time, you don’t have to borrow it for a long time. However, in the case of a regular loan, interest will continue to accrue because you will have to continue to borrow it for a set period of time.
However, since emergency loan is a negative bankbook concept, if you borrow money in a hurry and use it and put it back in, interest will only be incurred on the day you actually use the money.
Kakao Bank’s Emergency Money Loan Disadvantages
have a small limit
The disadvantage of emergency loans is that they have a small limit. It depends on your credit rating, but it is true that the limit is smaller than other credit loans because you can get a loan with a limit of up to 3 million won.
However, since the purpose of the loan is to use the money that is urgently needed for a short time, I think it will be possible to use it within the limit of 3 million won unless it is a special situation.
How to extend Kakao Bank emergency loan
You can apply for an extension on the expiration date application
The emergency loan has a one-year maturity. However, even if it does, it can be extended on a yearly basis through an application for an extension of maturity.
When the maturity arrives, you can apply for an extension through the application, and the extension will be decided through a re-examination of the loan.
How to cope with Kakao Bank’s emergency loan rejection
Depending on the individual, the emergency loan review may be rejected, and the reasons are as follows. If the examination is rejected, it is recommended to check whether any of your loans have overdue principal or interest.
After checking, if it is not applicable to the following cases, I recommend contacting the bank.
Delinquent loan holders, credit rating judgment information registration customers
Customers with a registered financial fraud report account
[It’s helpful to read together]
Conditions for Sunshine Loan Bank Subjects, Completely Organize How to Apply
Can I get an additional loan for Sunshine Loan, re-loan?
Perfect arrangement of Sunshine Loan types and conditions (feat. how to apply)
Pros and cons of long-term youth income deduction funds (Is it a good product?)
Small business loan preparations, application methods (if interest is burdensome, look)
Types and amounts of subsidies for small business owners, and application methods
Set up initial fund loans for small business start-ups (Finance your business at low interest rates)