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K bank resumes consumer loan service
K bank resumes consumer loan service
MarketsJul 13, 2020
South Korea’s oldest online-only lender K bank said Monday it has resumed its consumer loan business through its mobile apps. The new loan products will be offered either in the form of personal loans for consumers with mid- to high-credit scores or overdrafts. The annual interest rate for borrowers will be 2.08 percent at its lowest. Borrowers’ credit-worthiness will be assessed under K bank’s own credit scoring system that applies machine-learning techniques and big data