SBI 바빌론 1.3.1

SBI Savings Bank, the industry's top bank, presents its smartphone-exclusive application called "SBI Babylon".

• Ranked 1st in the industry for 4 consecutive years in the amount of credit loans at the median interest rate (based on the 2018-2021 criteria disclosed by the Savings Bank Association)
• Ranked 1st in the asset sector (as of June 2023, based on management disclosure)

Approved by the Savings Bank Association, deliberation number 2023-00996 (from September 23, '23 to September 22, '24).

With "SBI Babylon", you can:

• S: Extend your repayment period
• B: Increase your desired limit
• I: Reduce interest burden

Try out these features:

• Secure loan limit inquiry that does not affect your credit score
• Loan applications that leave no record until transmission
• Various loan-related services such as loan information and transaction history inquiries

"SBI Babylon" Service Guide:

1. Loan Products:

• A wide range of products, including loans for employees, business owners, government-supported loans, debt consolidation loans, and emergency funds
• Products: All SBI Savings Bank credit loan products
• Interest Rates: Annual rates ranging from 7.9% to 19.9%
• Maximum Limit: Up to 200 million KRW
• Longest Period: Up to 120 months
• Eligibility: At least 20 years old with a credit score of 350 points or higher (based on NICE criteria), employment period varies by product
• Repayment Options: Equal installments of principal and interest
• Interest Calculation: Start after one month
• Default Interest Rate: Agreed rate plus 3% (within the legal maximum rate of 20%)
• Early Repayment Penalty: No more than 2% (waived for repayment within 2 years)
• Stamp Duty: Customer pays KRW 35,000 for amounts over KRW 50 million, KRW 75,000 for amounts over KRW 100 million

2. Loan Limit Inquiry:

• Secure loan limit inquiry that does not impact credit score
• Counseling and recommendation of suitable loan products based on customer's situation

3. Loan Application:

• Mobile loan inquiries and document submission
• Entire loan process can be completed remotely, including counseling, document review, and loan execution

4. My Loan Inquiry:

• Inquiry of personal information and transaction history related to loans
• Remote document submission feature

5. Public Certification:

• Importing/exporting/managing certifications

6. Notes:

• Please review the product description, website, and terms and conditions to understand the conditions before using financial products.
• You have the right to receive sufficient prior explanation regarding the product, and we encourage you to make transactions only after understanding the terms.
• Excessive loans can cause a decline in personal credit scores.
• A decline in personal credit scores may result in restrictions or disadvantages in financial transactions.
• Non-payment may lead to repayment obligations before the contract period expires.

We promise to continue our efforts to provide more convenient and optimized services by adding and upgrading various menus suitable for smartphones. Thank you.