Places for Foreigner Credit Loans Top 8 (E-9, F4 Visa)

 

we will introduce the top 8 financial institutions that offer credit loans specifically tailored for individuals like you. Whether you need financial assistance for personal expenses, business ventures, or any other purpose, these institutions have designed loan products to meet your needs. From competitive interest rates to flexible repayment options, these lenders prioritize providing financial support to foreign residents. Discover the options available to you and choose the best place to secure a credit loan for your specific requirements.

 

---

Places for Foreigner Credit Loans Top 8

1. Jeonbuk Bank JB Bravo KOREA E-9 Loan - Credit Loan for Foreign Workers

Loan Limit

• Up to 3 million KRW.

Loan Interest Rate

• Minimum annual 8.40% to maximum annual 15.00%.

Loan Term

• 3 months to 36 months.

Repayment Methods

• Equal principal and interest installment repayment, equal principal repayment.

Eligibility Criteria for Jeonbuk Bank Foreigner Loan

• Employment as an E-9 (Non-Professional Employment) foreign worker.
• Registered with the immigration office.
• Remaining employment contract period, as stated in the standard employment contract, is at least 3 months longer than the loan repayment date.
• Jeonbuk Bank credit rating of 9 or higher.

Required Documents for Loan Application

• Proof of identification (Foreigner Registration Card, etc.).
• Proof of income (salary bank statements, income certificate, withholding tax receipts, standard employment contract, etc.).
• Employment verification document (employment certificate).

Loan Application Method

• You can apply for the loan through Jeonbuk Bank's website, mobile app, or by visiting a branch.

JB Baravo KOREA

---

 

2. Hana Bank Foreigner Loan

Loan Details

• Loan Limit: Up to 30 million KRW
• Interest Rate: Annual 4.728% (minimum rate)
• Loan Term: Up to 5 years
• Repayment Methods: Lump-sum repayment at maturity, equal principal and interest installment repayment, equal principal installment repayment

Loan Eligibility

If you are an overseas Korean or a foreign national residing in South Korea, you are eligible to apply for the loan. However, you must meet the criteria set by Hana Bank for unsecured credit loans to be eligible for the loan.

Required Documents

The required documents for the loan application include income proof and employment certification. Please note that additional documents may be required during the loan consultation.

Loan Application Process

You can apply for the loan through the Hana Bank website by scheduling a consultation or using their mobile app.

Hana Bank Foreigner Loan

---

3. Hana Bank Loan Eligibility

Eligibility Criteria

• Customers who have been transacting with Hana Bank for at least 6 months.

Loan Limit

• From 3 million KRW to 50 million KRW.

Loan Interest Rate

• Annual interest rate ranging from 6.627% to 7.527%.

Loan Term

• Up to 5 years.

Repayment Methods

• Lump-sum repayment at maturity or equal principal (and interest) installment repayment.

Hanabank AI loan

---

4. Nonghyup Emergency Fund Loan Eligibility

Loan Eligibility Criteria

• Must be 19 years of age or older.
• Credit score within the 9th grade or lower.

Loan Limit

• Minimum 500,000 KRW to maximum 3,000,000 KRW.

Loan Interest Rate

• Annual interest rate ranging from 4.72% to 5.72%.

Loan Term

• 3 years (no grace period).

Repayment Method

• Equal principal and interest installment repayment.

Foreign Registration Card Requirement

• You can apply for the Nonghyup Emergency Fund Loan even without a foreign registration card.

Loan Eligibility for Foreigners without an F4 Visa

• Foreigners without an F4 visa can still apply for the Nonghyup Emergency Fund Loan.

 Nonghyup Emergency Fund Loan for Foreigners vs. Capital Loans

The Nonghyup Emergency Fund Loan is a loan from a first-tier financial institution, which means that the loan interest rate is lower than that of capital loans.

Moreover, you can apply for the loan through mobile banking, making it quick and convenient. The loan documentation is also minimal, making the process hassle-free. However, please note that the loan limit is relatively small. Please consider this aspect when making your decision.

How to Apply for the Nonghyup Emergency Fund Loan as a Foreigner

You can apply for the Nonghyup Emergency Fund Loan through the Nonghyup mobile banking app.

Nonghyup bank

---

5. IBK i-one Smart Loan for Employees

Loan Eligibility Criteria

• Currently employed at the same workplace for at least 6 months.
• Salary transferred to KEB Hana Bank for a minimum of 1 year.
• NICE Credit Score of 600 or higher, or KCB Credit Score of 520 or higher.

Loan Limit

• From 1 million KRW to 50 million KRW.

Loan Interest Rate

• The interest rate varies depending on the individual.

Loan Term

• Up to 5 years.

Repayment Method

• Choose between full repayment at maturity, equal principal and interest installment repayment, or flexible repayment.

IBK 기업은행 바로가기

---

6. KB Bank Foreigner Loan - KB Employee Credit Loan

Loan Eligibility Criteria

• Employment period of at least 3 months (for employees working at KB Bank-designated reputable companies).
• Employment period of at least 6 months (for general employees).

Loan Limit

• Up to a maximum of 300 million KRW.

Loan Interest Rate

• Annual interest rate ranging from 3.6% to 4.5%.

Loan Term

• Minimum 1 year to maximum 5 years.

Repayment Method

• Equal principal and interest installment repayment or lump-sum repayment (including comprehensive account automatic loan).

KB Employee Credit Loan

---

7. Foreigner Registration Card Loan - High Korea Loan from Daesin Savings Bank

Loan Eligibility Criteria

• Foreign workers who can provide proof of income.
• Minimum age of 19 years.
• KCB credit score of 445 points or higher.

Loan Limit

• From 1 million KRW to 15 million KRW.

Loan Interest Rate

• The interest rate varies depending on the individual.

Loan Term

• Minimum 3 months to maximum 24 months.

Repayment Method

• Equal principal and interest installment repayment.

Is a Foreigner Registration Card necessary for the loan application?

To apply for the High Korea Loan from Daesin Savings Bank, you need to have a Foreigner Registration Card.

Therefore, it is essential to have it prepared.

Can foreigners apply for small loans as well?

The High Korea Loan from Daesin Savings Bank is available for small loans to foreigners.

With a minimum loan limit of 1 million KRW, it is suitable for individuals in need of small loans or emergency funds.

Can foreigners with an F4 visa apply for the loan?

Foreigners with an F4 visa, as well as other types of visas, can apply for this loan product.

However, it is necessary to have a KCB credit score of 445 points or higher and be able to provide proof of income.

Daishin Bank

---

8. KB Savings Bank Kiwi Emergency Fund Loan - Loan for Unemployed Foreigners

Loan Eligibility Criteria

• KCB individual credit score of 475 or higher.
• Available for application regardless of occupation and income status.

Loan Limit

• 50,000 KRW to 3,000,000 KRW.

Loan Interest Rate

• Minimum annual 8.9% to maximum annual 19.9%.

Loan Term

• 1 year (with the possibility of extending up to 5 years).

Repayment Methods

• Negative amortization.
• Lump sum repayment at maturity.

KB Savings Bank KiWi Emergency Fund Loan

---

Lastly

I have researched about credit loans for foreigners from 8 different institutions. Foreigner credit loans often come as special products and may be discontinued frequently, so they may not be available if you delay your application. Therefore, if these options are not available, another option is to visit your primary bank where you have your salary account and inquire about loan opportunities.

---

 

외국인근로자 대상 신용대출 신청방법

 

3 Recommendations for Credit Loans for Foreign Workers in Korea

 

전북은행 JB Bravo KOREA 외국인 신용대출ㅣ금리ㅣ신청방법