DW BANK (동원제일저축은행) 1.2.9

Review of Dongwon Bank Loan Products:

• Dongwon Safe Loan
  • Product Name: Dongwon Safe Loan
  • Eligibility: Employees, business owners, freelancers, aged 19 or above with provable income and a NICE personal credit score of 515 points or higher
  • Loan Amount: KRW 1,000,000 to KRW 30,000,000
  • Loan Term: Minimum 24 months to maximum 60 months (selectable annually)
  • Repayment Methods: Equal principal and interest installment repayment per month, equal principal installment repayment per month
  • Interest Application Time: Monthly specified payment date and loan maturity date
  • Loan Interest Rate: Annual 13.94% to 19.90%, with interest collected monthly in arrears
  • Default Interest Rate: Loan interest rate +3% (up to 20%)
  • Loan Interest Rate Application: Fixed rate (applied at the time of loan execution for the agreed period)
  • Documentation Required: ID, income verification documents, other necessary documents for loan assessment (additional documents may be required)
  • Additional Costs: None
  • Early Repayment Charges: Annual 1.9%, varies based on remaining days and capped at an annual rate of 20.0%
• Online Happy Loan
  • Product Name: Online Happy Loan
  • Eligibility: Employees with an annual income of up to KRW 45,000,000 and working for more than 3 months with CSS personal credit score in the lowest 20/100 range among multiple companies
  • Loan Amount: Up to KRW 15,000,000
  • Loan Term: 3 years or 5 years
  • Repayment Method: Equal principal installment repayment
  • Interest Collection Time: Monthly specified payment date and loan maturity date
  • Loan Interest Rate: Annual 7.39% to 8.09% (as of February 2022)
  • Default Interest Rate: Loan interest rate +3% (not exceeding the legal maximum of annual late interest rate of 20.0%)
  • Loan Interest Rate Application: Adjustable rate (if benchmark rate changes during the loan agreement period, the loan rate changes accordingly)
  • Documentation Required: ID, employment certificate, income verification documents, resident registration copy, bank statement, among others (additional documents may be needed for loan assessment)
  • Additional Costs: Credit Guarantee Foundation guarantee fee: Annual 2% of the loan amount (0.1% reduction upon completing financial education or credit and debt management consulting)
• Miscellaneous:
  • • - Before signing a contract, please review the product description and terms.

    • - You have the right to receive sufficient information about the product before making a transaction and are encouraged to transact only after understanding the details.

    • - Loan approval is subject to bank assessment standards and customer creditworthiness based on information provided by you; ensure all details are accurate.

    • - Loans may be restricted if there are disqualifying factors in your credit rating or personal credit score under our loan regulations.

    • - Providing inaccurate information may result in loan disapproval.

    • - The interest rate and fees must not go beyond the legal maximum limit.

    • - Delayed repayment may incur late payment interest; you could face financial loss due to offsetting deposits or other legal actions.

    • - After loan maturity, failure to repay may lead to interest payments on outstanding balances and negative credit recording.

      - Failure to meet repayment obligations could result in immediate repayment prior to contract expiration.

      - Excessive borrowing can negatively impact your personal credit score.

      - Lower personal credit scores might lead to restricted financial transactions or disadvantages.

      Please refer to our loan product description or contact us at 1544-8811 for further information.
      

      [Collection of Customer Data (Sensitive Information)]
      
      

      - Items for investigation into disorderly credit behavior (prevention of voice phishing targeting DW Bank App customers through malicious App detection): Malicious App detection information, diagnostic information on detected malicious Apps.
      

      - Access permission verification for the prevention of financial fraud through remote control apps.