- Benefit
- A high-interest alternative product for the lowest-credit borrowers who would otherwise unavoidably use moneylenders or illegal private lending. Annual income of KRW 35,000,000 or less and bottom 20% of credit. Guarantee limit up to KRW 10,000,000, interest rate within 12.5% per year (including guarantee fee, reduced from the previous 15.9%), 9.9% for socially disadvantaged persons. Equal installment repayment over 3 or 5 years, no early repayment fee. Some banks offer Sunshine Loan interest cashback (Hana Bank: about 2% of the loan balance refunded over 1 year).
- Who is eligible
- Annual income of KRW 35,000,000 or less and credit score in the bottom 20%
- When to apply
- Year-round
- How to apply
- Microfinance Itda app (서민금융 잇다), Microfinance Call Center 1397, Microfinance Integrated Support Center, handling financial companies
- Important notes
- Must pass the Korea Inclusive Finance Agency guarantee review and the financial company's review. For the guarantee fee reduction, submit documents before signing the contract
- Note
- Socially disadvantaged persons: basic livelihood recipients, near-poverty group, self-sufficiency workers, Earned Income Tax Credit recipients, persons with disabilities, single parents, grandparent-grandchild families, multicultural families and North Korean defectors. A 0.1%p reduction for completing financial education and enrolling in the Welfare Membership, etc. For small amounts for the lowest-credit borrowers, also consider the Illegal Private Lending Prevention Loan.
Based on official sources as of 2026년 10월. Amounts and requirements may change, so please confirm with the official guide before applying.