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Introducing the efficient loan management app, BaroBaron!

From contract signing to loan application and digital agreements, all conveniently available on your mobile device.

Key features of the BaroBaron app:

• Loan application
• Creation of digital contracts
• Access to loan information
• Issuance of certificates
• Submission of other documents
• Direct connection to customer service

Permissions and purposes for using the BaroBaron app:

• Required access permissions:
• • Storage: Permission for file access to store public key certificates and for OS integrity checks for security enhancements
  • Phone: Authorization for making and managing calls to connect with branch offices and for push notification settings
  • Camera: Necessary for taking ID photos and submitting supporting documents

• * Only essential access permissions are required; no optional permissions are requested.

• * Please note that data charges may apply if not using a Wi-Fi connection.

• Details on BaroBaron loan products:

• • Product names: Baro300 Loan/BaroAuto secured loan/BaroReal Estate secured loan
  • Eligibility: Adults over 20 years old (excluding students) with a personal credit score [KCB] of 390 or higher
  • Interest rates: Up to 20% per year, applicable only to contracts signed, renewed, or extended from July 7, 2021 (default interest rate up to the agreed interest rate +3% per year within 20%)
  • Loan limits: Up to 30 million KRW for personal loans/up to 50 million KRW for auto-secured loans/up to 1 billion KRW for real estate-secured loans
  • Loan terms: 12 to 60 months (may vary depending on the loan product and repayment method)
  • Repayment methods: Equal principal and interest payments, free principal payments, single maturity (varies by product)
  • Interest payment method: Monthly in arrears
  • Early repayment fee: No additional fees aside from the cost of issuing a certificate of indebtedness; however, real estate-secured loans incur additional costs (e.g., setting up and terminating mortgage rights) and an early repayment fee is charged up to 3% on early repayments.
  • Total loan cost example: Borrowing 1 million KRW using the equal principal and interest payment method with an annual interest rate of 20% over a 12-month period would result in a total repayment amount of 1,111,614 KRW.

• * Loan approval and limits are subject to our assessment criteria, which may lead to variations. Individuals with overdue loans or problematic credit histories may face limitations.

• * Failure to fulfill interest payments within a specified period may result in the loss of benefits.

• * Excessive borrowing relative to your repayment capacity or credit card usage may lead to a decrease in your credit rating. This decline could result in financial disadvantages during future transactions.

• * You have the right to receive explanations on key matters related to financial products under relevant laws before entering into a loan agreement.

• * Please read the product descriptions and terms carefully before signing any contracts.

• * Requesting or receiving intermediary fees is illegal. Excessive debt could bring significant distress into your life.

• * Approval No.01 for Thanks Review (Valid until June 24, 2022)

• Visit BaroCredit Loan Website:

• • Website: https://www.barocredit.com
  • Mobile: https://m.barocredit.net