NH Nonghyup Capital announced it will extend its pre-workout financial support program for short-term delinquent customers for another year. The program will now run until the end of June 2027. This decision aims to alleviate repayment burdens for customers facing temporary financial difficulties due to prolonged high inflation and interest rates, and to prevent long-term delinquencies.
The pre-workout program allows customers experiencing temporary liquidity shortages to defer principal repayments. It focuses on helping customers restructure their repayment plans and return to normal financial transactions.
Eligible customers include those who have maintained a normal repayment history for more than three months after taking out a loan. Customers can apply if they hold normal debts at the time of application or have debts that are less than 90 days overdue. Financial consumers facing difficulties due to job loss or business closure are also included in the support program.
The main support offered is the deferral of principal repayments, which can be postponed for a period ranging from one to a maximum of six months. Customers who have previously received deferral support can also apply for assistance within a total of 12 months, including any prior support periods.
Jang Jong-hwan, CEO of NH Nonghyup Capital, stated, “Helping customers who have fallen behind due to temporary difficulties is a core value of inclusive finance. We will continue to expand various financial support programs to ease our customers' financial burdens and foster a healthy financial ecosystem.”
* This article has been translated by AI.
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