Providing Housewife Support

Shinhan Bank introduces “Queen of Homemaker,” a new loan targeting housewives seeking funds to make both ends meet

Shinhan Bank introduced a special loan product called the “Queen of Homemaker” for housewives who want to borrow funds to support their living expenses, but have nothing to back up their loans starting December 13, the bank said recently.
The bank said the housewives only need to get their credit investigated by Seoul Credit Guarantee Insurance Co. and live in an apartment worth more than 200 million won either they or their husbands own and their ages range needs to fall between 30 to 60 years.
The maximum upper limit for the loan is 5 million won with an annual minimum interest rate of 11.8 percent, depending on their payments of household bills such as electricity charges, government assessment charges transfers and their own Shinhan credit cards.
The loan will be made in the form of a credit line so that housewives can draw funds from the account when they need money for expenses. Housewives with no income can also apply for the loan by submitting papers that can support their income and their spouses including employment certificates.
Shinhan Bank was launched in July 1982 and its vision and mission are comprised of elements like providing the highest value to its customers, earning trust from its shareholders, becoming the best employer to its staff, by supporting successful businesses, by being a good corporate citizen that positively contributes to the society and national economy. Also, by establishing an upgraded management culture, the bank will lead the national as well as the Asian finance industry that will lead Shinhan to become a bank filled with Korean pride.
The bank’s envisions becoming a bank full of pride to all its shareholders, customers, Shinhan family, the Korean public, Korea and all Asia. Shinhan will try to be a bank that people will think of when they talk about banks in general as it will try to be the leading bank in Asian banking industry.
The bank is working to achieve its mission to be a respectable workplace for sons and daughters of Korea by being faithful to its core businesses and playing a leading role in the development of the banking industry, will become good corporate citizens that contribute to the national economy and society.
Shinhan will always be the lifetime partner of its customers, and become the bank that provides the highest value for each of them. The bank will become a corporation that earns the absolute trust from its shareholders.
President Lee Baek-soon in his statement on the bank’s webpage, said Shinhan remains at the forefront of Korean financial industry, and as the pride of Korean Financial Industry, we have acted as a pioneer for opening new frontiers in banking.
Based on Shinhan’s solid strength, created from past successes, we, thirteen thousand Shinhan family members, aim to create a new formula for success that will create a strong and healthy bank that could withstand any crisis.
Because of the global financial crisis and consequent economic hardship, there is an enormous sense of uncertainty in the economic atmosphere. However, we, at Shinhan Bank, have prepared well in advance for any bending crisis. We at Shinhan are confident that we could weather any financial storm unscathed.
Furthermore, Shinhan Bank will aim to become a public-conscious bank which helps our neighbors and society at large. Within the bank, we will seek to improve our commitment to ethical practices, on the outside, we will try our best to meet the expectations placed on us to become a bank which earns the trust and respect of our clients and society. In the future, he asked the bank’s customers for their continued support for ‘The Bank Shinhan, the pride of Korean Financial Industry,’ the CEO said. nw

Clerks hold a board introducing Shinhan Bank’s new loan product, the Homemaker Queen Loan.