- Eligible customers: individual aged 17 or older, with verified real-name identification (Only one account may be opened per person)
- Interest rate: 1.5% per annum (2025.01.22, pre-tax)
- Interest rates may change depending on the market conditions and circumstances of the company. If changed, the revised rate will apply from the effective date of change.
- Interest is calculated based on the month-end balance and paid on the 1st of the following month. From the payment date until the next scheduled payment or a requested payout date, interest accrues daily at the agreed rate and is paid accordingly.
- If a withdrawal restriction due to seizure or an incident report is in place, the account cannot be closed, and both principal and interest payments may be restricted.
- Up to "₩50 million" per depositor, including the principal of protected financial products and prescribed interest, is protected in accordance with the Depositor Protection Act (combined with other protected products within this bank).
- Customers are entitled to explanation of key details when subscribing to this product in accordance with the Act on Protection of Financial Consumers.
- Please make sure to read the terms and conditions and the product guide before subscribing to this product.
Bank
Total interest collected by Toss Bank users every day
₩0
On March 16th, 2022, Toss Bank launched the Get Interest Now service, the first of its kind in Korea. Around 6.15 million users received interest whenever they wanted and a total nearing ₩600 billion has been paid out in interest.
This change stemmed from the question, “Why do banks only pay out interest once a month and on a schedule determine by them?” While customers are charged interest daily for bank loans, they receive interest on their deposits on the bank's terms, which feels inherently unfair.
Toss Bank transformed a traditionally provider-centric experience into one that prioritizes the customers. By introducing the concept of the “right to interest,” it redefined the financial landscape. Toss Bank remains committed to delivering groundbreaking financial experiences so exceptional that returning to life before Toss will become unimaginable. *Based on 16 Mar 2022~30 Nov 2024.
Total amount on average saved by refinancing loan from an NBFI to Toss Bank
₩0
Users that refinanced their loan from an NBFI (non-banking financial institutions) to Toss Bank enjoyed reduced interests burdens—saving approximately an average of ₩430,000 a year.
Toss Bank continuously upgraded its own proprietary credit scoring model and has the highest share of mid- to low-credit users (approximately 34%) out of all internet banks. A total of ₩8 trillion in loans was approved to 300,000 individuals, including young entrepreneurs, early-career individuals, small business owners, those with limited financial histories, and financially underserved individuals with mid-to-low credit scores. As a result, customers with mid-to-low credit scores were able to lower their interest rates by an average of 4.2 percentage points, alleviating the burden of high interest rates typically associated with NBIF loans. *Based on 5 Oct 2021~30 Nov 2024.
Average Interest Rate Reduction by Toss Bank's Loan Refinancing
Avg. interest rate before Toss Bank Loan Refinancing
Avg. interest rate after Toss Bank Loan Refinancing
Hover over the chart
From its beginning, Toss Bank aimed to provide finance to all, including not only individuals with mid-to-low credit scores, but also individuals with limited financial history, small business owners, expats, and more. This vision is why Toss Bank became the first to expand its services to “loans for business owners” and “financial services for expats.”
Thanks to these services, small business owners and sole proprietors gained access to ₩3 trillion* in funds without the need to take time out to visit physical branches. The 99,000 expats in Korea are also benefiting from Toss Bank’s financial services, entrusting us with ₩231.2 billion** in deposits. *Based on 11 Feb 2022~30 Nov 2024. **Based on 5 Oct 2021~30 Nov 2024.
From the financially underserved to expats living in Korea, Toss aims to provide an easy and accessible service to all, so that everyone has equal and easy access to finance and management.
The product is divided into the following categories depending on the applying customer.
Toss Bank Loan Refinancing | Customer using an unsecured loan from a financial institution |
|---|---|
Toss Bank Loan Refinancing
(Line of Credit) | Customers using a line of credit loan from a financial institution |
General conditions | Korean national who is 19 or older
No records of Creditworthiness Assessment information, such as delinquency, default, subrogation, dishonored checks, or financial misconduct
No history of applying for rehabilitation, bankruptcy, or discharge
No outstanding delinquent loans with the bank and has no history of causing financial losses to the bank
No records of financial fraud or other restrictions on financial transaction |
- The employment period is determined based on the date of qualification acquisition for the current workplace as stated in the National Health Insurance Service (NHIS) Certificate of Eligibility. The business period is calculated based on the business commencement date recorded in the Business Registration Certificate.
- Proof of annual income is assessed as follows: for salary earners, income is determined based on the insurance premium payment amount stated in the NHIS Certificate of Insurance Contributions Payment, for business income earners, income is verified using the income amount reported in the Hometax Certificate of Income.
Loan limit
Toss Bank Loan Refinancing | Min. ₩1 million – Max. ₩300 million |
|---|---|
Toss Bank Loan Refinancing
(Line of Credit) | Min. ₩1 million – Max. ₩150 million |
- The loan limit is determined based on an individual's credit, repayment capacity, and debt status, as assessed by the bank's credit evaluation system. In the case of unsecured loans, the loan limit may be adjusted according to DSR (Debt Service Ratio) regulations depending on the requested loan amount.
- The minimum loan application amount is ₩1 million.
Loan term
Toss Bank Loan Refinancing | Lump sum repayment at maturity: 1 year
(Loan can be extended by 1 year each, up to 10 years)
Equal principal and interest: 1 – 10 years |
|---|---|
Toss Bank Loan Refinancing
(Line of Credit) | Lump sum repayment at maturity: 1 year
(Loan can be extended by 1 year each, up to 10 years) |
Repayment method
Lump sum repayment at maturity | During the loan term, interest is paid monthly, and the full principal is repaid at maturity. |
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Equal principal and interest repayment | The total principal and interest are evenly divided over the loan term, with equal monthly installment payments. |
Other matters
Fees borne by customer | Stamp Tax for loan application exceeding ₩50 million
※ Stamp tax is a fee imposed when a loan agreement is signed, based on the loan amount. A tax of ₩70,000 applies to loans exceeding ₩50 million, and ₩150,000 applies to loans exceeding ₩100 million. The customer is responsible for 50% of the tax amount. |
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Termination and extension of loan agreement | Termination of agreement
The loan can be terminated by repaying the full loan amount through the Toss Bank mobile app. (Early repayment before maturity is allowed.)
Extension of agreement
For lump sum repayment at maturity, the loan term is one year. To extend the loan term, an extension request must be submitted through the app before maturity each year.
Upon loan maturity, the interest rate may change based on the bank's renewal policy. Additionally, depending on the borrower's personal information and credit score assessment, the bank may require partial repayment of the loan or, in some cases, full repayment if the extension request is denied. |
Early repayment fee | Exempted |
Required documents for eligibility verification | For salary earners: Certificate of Eligibility (issued by the NHIS), Certificate of Insurance Contributions Payment
※ These documents can be submitted via the Toss Bank mobile app after identity verification using the Toss Certificate and retrieving data through Public MyData. |
Open hours | Monday – Friday, 09:00 – 22:00
Unsecured Loan
Monday – Friday, 09:00 – 16:00
Line of Credit Account
※ Loan applications are not available on weekends and public holidays.
※ If the application window closes during the process, you will be unable to continue. Applications will reopen at 09:00 on the next business day. |
Interest rate
Toss Bank Loan Refinancing
Loan rate | Min. 4.47% – Max. 15.00% per annum (As of 2025.01.22) |
|---|---|
Base rate | 3.04% per annum (Financial Bonds 3 months)
3.01% per annum (Financial Bonds 6 months)
2.83% per annum (Financial Bonds 12 months) |
Margin rate | 1.64% – 11.96% per annum (As of 2025.01.22) |
Toss Bank Loan Refinancing (Line of Credit)
Loan rate | Min. 4.95% – Max. 15.00% per annum (As of 2025.01.22) |
|---|---|
Base rate | 3.04% per annum (Financial Bonds 3 months)
3.01% per annum (Financial Bonds 6 months)
2.83% per annum (Financial Bonds 12 months) |
Margin rate | 2.12% – 11.96% per annum (As of 2025.01.22) |
General guide
- Loan rate = base rate + margin rate (varies by each customer)
- The base interest rate can be selected from Financial Bonds (3 months), Financial Bonds (6 months), or Financial Bonds (12 months), each with a corresponding adjustment cycle of 3 months, 6 months, and 12 months, respectively. The loan interest rate fluctuates based on the selected base rate, adjusting in line with the applicable base rate on each adjustment cycle date. Even after the loan matures, the adjustment cycle continues, causing the loan interest rate to change according to the base rate on the relevant date.
- The margin rate varies by customer and is applied differently based on the bank’s internal credit rating, loan term, and other factors.
Delinquency interest rate
If there is an outstanding balance on the scheduled monthly payment date, a penalty rate will apply as follows.
Interest rate during delinquency | Loan interest rate + 3% per annum |
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- The maximum delinquency rate is 15% per annum, and if the loan interest rate is higher than 15%, the penalty rate shall be +2% per annum.
- If the overdue amount remains unpaid for more than one month, late interest will be applied to the principal starting from the one-month mark. For further details, please refer to the terms and conditions and product guide.
Repayment of interest
- Upon getting a new loan, borrowers can set an automatic payment date of their choice, and payments will be made on that date each month. The repayment date can be changed during the loan term, except for Saitdol Loans (Korean Mid-Credit Loan Program, which cannot be changed.)
- If the payment date of the borrower’s choice is not the date upon which the loan was initiated, repayment may be immediately required on the next occurring date. Please review the first payment date provided at the time of application.
- Interest is calculated by multiplying the loan balance by the applicable interest rate from the previous interest payment date (or loan initiation date) to the day before the next payment date.
- Loan interest is automatically withdrawn from the designated auto-debit account on the scheduled interest payment date (or the next business day if it falls on a holiday). If the account has insufficient funds, late interest may be incurred. To avoid being charged additional fees, ensure that sufficient funds are deposited on the payment date or make a direct payment via the app (available even on holidays).
Note regarding loan refinancing
- This loan is processed under the conditions that the existing loan is repaid. If the repayment of the existing loan fails due to restrictions due to interbank system limitations, the new loan contract will be canceled. If the loan to be repaid is a line of credit, unintended disruptions may occur during the fund hold period required to finalize the repayment amount. These may include automatic withdrawal failures and declined debit card transactions.
- When refinancing multiple existing loans and some repayments fail, repayment cannot be canceled for the successfully repaid loans, and only the amount corresponding to the repaid loans will be disbursed as a new loan.
- Refinancing of a loan by transferring can only be requested once a day per account. Once an existing loan is fully repaid through this process, repayment cannot be reversed.
- Refinancing is not available in the following cases: loans with a right of withdrawal, delinquent loans, loans where prepaid interest is non-refundable, loans issued a Certificate of Debt or Certificate of Deposit Balance on the same day as the refinancing application, or loans without early repayment fees if the new loan contract is less than six months old.
Note
- Loan approval is subject to the bank's internal screening criteria and credit evaluation results. Loan approval may be denied or restricted, and loan conditions such as loan limits and interest rates may vary.
- When applying for a loan, your credit inquiry history will be provided to credit bureaus, which may affect loan evaluations at other financial institutions. Additionally, once the loan is disbursed, your credit score may decrease depending on your debt level and overall credit status.
- If the loan amount is excessive relative to your repayment capacity, your credit score may drop, potentially leading to disadvantages in future financial transactions.
- Failure to repay the loan without an extension will result in a penalty rate on the outstanding balance. Additionally, delinquency records may be registered, which could negatively impact your financial transactions.
- Borrowers can apply for a loan term extension before the maturity date for equal principal and interest repayment loans. The approval is determined by an internal review, and the interest rate may be adjusted depending on the extended period. The loan term can only be extended up to a maximum of 10 years, and the updated loan term and interest rate will apply upon renewal of the loan agreement. However, partnered refinancing loans and Saitdol loans are not eligible for extension.
- If delinquency continues for an extended period, the borrower may be required to repay the full principal and interest before the agreement expires. Depending on the delinquency period, the information may be registered under “delinquency information, etc.” under the Credit Information Use and Protection Act and the Ordinary Credit Information Management Rules, which may result in disadvantaged financial transactions.
- Ordinary financial consumers have the right to receive an explanation about this loan product under Article 19, Paragraph 1 of the Financial Consumer Protection Act. Please make sure to read the terms and conditions as well as the product guide before signing an agreement.
Right to request a reduction in interest rate
- For loans where interest rates are applied differently based on the bank’s personal credit evaluation, borrowers may request an interest rate reduction through the mobile app if there is a significant change in their credit status (e.g., job change, income increase, debt reduction, or credit score improvement).
Reasons for making a request of reduction interest rate claim
Increase in credit score | Increase in personal credit score from a Credit Rating Agency: since banks primarily use credit rating agencies' personal credit information for their evaluations, an improved credit score from a credit rating agency may lead to an upgrade in the bank’s internal credit rating. |
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Increase in income or asset | Increase in income and assets: higher income and asset levels can positively impact a borrower’s financial profile by reducing outstanding loans, resolving delinquencies, and increasing financial assets, which may contribute to an improved internal credit rating at the bank. |
- However, it is possible that the interest may not be reduced depending on the bank’s internal policies or credit evaluation results.
Right to withdraw from a loan agreement
- The right to withdraw from a loan agreement allows borrowers to cancel their loan agreement during the cooling-off period.
- Borrowers may request withdrawal within 14 days from the loan execution date (or the next business day if the deadline falls on a holiday). The principal and interest, along with any costs incurred by the bank (such as fees paid to third parties related to the loan contract), must be repaid.
- Once a loan agreement is withdrawn, the bank will immediately request the deletion of loan information from external credit rating agencies and credit information institutions, and the update will be reflected within 5 business days.
- Once a loan agreement withdrawal is completed, it cannot be canceled.
Right to terminate an unlawful agreement
- Borrowers have the right to terminate an unlawful agreement if Toss Bank violates the Act on the Protection of Financial Consumers, such as by failing to meet suitability or appropriateness requirements, breaching the duty to provide explanations, or engaging in unfair business practices or improper solicitation when issuing the loan.
- A written termination request must be submitted within one year of discovering the violation, but no later than five years from the agreement date.
- The bank will review the request and notify the borrower of its decision and rationale within 10 days of receiving the termination request.
For further details, please refer to the terms and product guide. This information is provided in accordance with the Act on the Protection of Financial Consumers and Toss Bank’s internal control policies.
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All Products (Weekdays)
- 06:00~22:00 Unsecured Loan for SOHO
- Weekdays 09:00~16:00 Opportunity Guaranteed Loan
- Weekdays 09:00~21:00 Guaranteed Loan by BCGF(Busan Credit Guarantee Foundation), Guaranteed Loan by SCGF(Seoul Credit Guarantee Foundation), Ontact Guaranteed Loan, Easy-One Guaranteed Loan *Guaranteed Loan by BCGF(Busan Credit Guarantee Foundation), Guaranteed Loan by SCGF(Seoul Credit Guarantee Foundation), and Ontact Guaranteed Loan disbursement hours: Monday to Friday (excluding public holidays) from 09:00 to 16:00. *Easy-One Guaranteed Loan disbursement hours: Monday to Friday (excluding public holidays) from 09:00 to 15:00.
Eligible customers
- Opportunity Guaranteed Loan Individual business owners based in Gyeonggi-do who have been in business for at least 1 year according to the Business Registration Certificate. Must have had continuous sales for at least the past 3 months and recorded sales within the past week as of the application date. Must have received a mobile Opportunity Credit Guarantee Certificate from the Gyeonggi Credit Guarantee Foundation.
- Guaranteed Loan by BCGF(Busan Credit Guarantee Foundation) Individual business owners who have been in business for at least 3 years according to the Business Registration Certificate. Must have received a Small Business Partnership Guarantee Certificate from the Busan Credit Guarantee Foundation.
- Unsecured Loan for SOHO Individual business owners who have been in business for at least 1 year (or have had sales records for at least the past 6 months) according to the Business Registration Certificate. Must have an annual income of at least ₩5 million.
- Guaranteed Loan by SCGF(Seoul Credit Guarantee Foundation) Individual business owners who have been in business for at least 3 months according to the Business Registration Certificate. Must have received a Seoul-Type SME and Microcredit Support Special Guarantee Certificate from the Seoul Credit Guarantee Foundation.
- Ontact Guaranteed Loan Individual business owners who have been in business for at least 1 year according to the Business Registration Certificate. Must have had continuous sales for at least the past 3 months and recorded sales within the past week as of the application date.
- Easy-One Guaranteed Loan Individual business owners who have been in business for at least 1 year according to the Business Registration Certificate. Must have received a Bank-Linked Two-Track Guarantee Certificate from the Korea Credit Guarantee Fund.
- General conditions
- Must be an individual business owner with a valid business registration number and actively operating. Businesses that are closed, suspended, or corporate entities are not eligible.
- Korean national who is 19 or older
- No records of credit judgment information, such as delinquency, default, subrogation, dishonored checks, or financial misconduct.
- No history of applying for rehabilitation, bankruptcy, or discharge.
- No outstanding delinquent loans with the bank and has no history of causing financial losses to the bank
- No records of financial fraud or other restrictions on financial transaction
* Annual income is determined based on the Hometax Certificate of Income or the Certificate of VAT Tax Base / Certificate of Income of VAT-Exempt Business Entity.
* Joint business owners are not eligible to apply for the Opportunity Guaranteed Loan, Guaranteed Loan by BCGF(Busan Credit Guarantee Foundation), Guaranteed Loan by SCGF(Seoul Credit Guarantee Foundation), Ontact Guaranteed Loan, or Easy-One Guaranteed Loan.
Loan limit
Opportunity Guaranteed Loan | Min. ₩5 million – Max. ₩50 million |
|---|---|
Guaranteed Loan by BCGF(Busan Credit Guarantee Foundation) | Min. ₩1 million – Max. ₩30 million |
Unsecured Loan for SOHO | Min. ₩1 million – Max. ₩100 million |
Guaranteed Loan by SCGF(Seoul Credit Guarantee Foundation) | Min. ₩1 million – Max. ₩30 million |
Ontact Guaranteed Loan | Min. ₩5 million – Max. ₩30 million |
Easy-One Guaranteed Loan | Min. ₩1 million – Max. ₩100 million |
* For customers engaged in real estate leasing, the Unsecured Loan for SOHO limit is capped at ₩100 million, including the BIZ Line of Credit Account.
* The Opportunity Guaranteed Loan is secured by a guarantee certificate from the Gyeonggi Credit Guarantee Foundation, covering 100% of the loan amount.
* The Guaranteed Loan by BCGF(Busan Credit Guarantee Foundation) is secured by a guarantee certificate from the Busan Credit Guarantee Foundation, covering 90% to 100% of the loan amount.
* The Guaranteed Loan by SCGF(Seoul Credit Guarantee Foundation) is secured by a guarantee certificate from the Seoul Credit Guarantee Foundation, covering 90% to 100% of the loan amount.
* The Ontact Guaranteed Loan is secured by a guarantee certificate from the Credit Guarantee Foundation, covering 95% of the loan amount.
* The Easy-One Guaranteed Loan is secured by a guarantee certificate from the Korea Credit Guarantee Fund, covering 75% to 100% of the loan amount.
Loan term and repayment
- Opportunity Guaranteed Loan
- Equal principal repayment
- Loan term: 5 years (1-year grace period, 4 years of equal principal repayment)
- During the grace period, only interest is paid. After the grace period, the principal is repaid in equal monthly installments, with interest applied to the remaining balance each month.
- Guaranteed Loan by BCGF(Busan Credit Guarantee Foundation)
- Equal principal repayment
- Loan term: 5 years (1-year grace period, 4 years of equal principal repayment)
- During the grace period, only interest is paid. After the grace period, the principal is repaid in equal monthly installments, with interest applied to the remaining balance each month.
- Unsecured Loan for SOHO
- Lump sum repayment at maturity
- Loan term: 1 year (renewable annually for up to 10 years)
- Interest is paid monthly, and the principal is repaid in full at the end of the loan term.
- Equal principal and interest repayment
- Loan term: 1 to 5 years
- The total loan amount (principal + interest) is divided evenly over the loan term, with fixed monthly payments.
- Guaranteed Loan by SCGF(Seoul Credit Guarantee Foundation)
- Equal principal repayment
- Loan term: 5 years (1-year grace period, 4 years of equal principal repayment)
- During the grace period, only interest is paid. After the grace period, the principal is repaid in equal monthly installments, with interest applied to the remaining balance each month.
- Ontact Guaranteed Loan
- Equal principal repayment
- Loan term: 5 years (1-year grace period, 4 years of equal principal repayment)
- During the grace period, only interest is paid. After the grace period, the principal is repaid in equal monthly installments, with interest applied to the remaining balance each month.
- Easy-One Guaranteed Loan
- Equal principal repayment
- Loan term: 5 years (1-year grace period, 4 years of equal principal repayment)
- During the grace period, only interest is paid. After the grace period, the principal is repaid in equal monthly installments, with interest applied to the remaining balance each month.
Fees borne by customer
Stamp tax | For loans over ₩50 million |
|---|---|
Early repayment fee | Exempted |
Guarantee fee
(based on guarantee principal) | (Opportunity Guaranteed Loan) 1.0% per annum
(Guaranteed Loan by BCGF(Busan Credit Guarantee Foundation)) 0.8% per annum
(Guaranteed Loan by SCGF(Seoul Credit Guarantee Foundation)) within 1.0% per annum
(Ontact Guaranteed Loan) 0.9% per annum
(Easy-One Guaranteed Loan) within 1.3% per annum (for the first year)
(Others) No guarantee fee |
* Guarantee fees are calculated based on the guaranteed principal: Opportunity Guaranteed Loan (100% of the loan amount), Guaranteed Loan by BCGF(Busan Credit Guarantee Foundation) (90%–100% of the loan amount), Guaranteed Loan by SCGF(Seoul Credit Guarantee Foundation) (90%–100% of the loan amount), Ontact Guaranteed Loan (95% of the loan amount), Easy-One Guaranteed Loan (75%–100% of the loan amount).
* For Opportunity Guaranteed Loan, Guaranteed Loan by BCGF(Busan Credit Guarantee Foundation), Guaranteed Loan by SCGF(Seoul Credit Guarantee Foundation), and Ontact Guaranteed Loan, the full guarantee fee for the 5-year loan term must be paid in a lump sum to the Credit Guarantee Foundation at the time of loan origination.
* For Easy-One Guaranteed Loan, the guarantee fee is paid in installments. An initial payment for the first year is made at the time of loan disbursement, followed by four annual installments. The guarantee fee rate applied at the time of loan origination may increase at the time of installment payments based on the Korea Credit Guarantee Fund’s internal regulations.
Required documents for eligibility validation
Business Registration Certificate, Certificate of Income, Certificate of VAT Tax Base or Certificate of Income of VAT-Exempt Business Entity, Certificate of Standard Financial Statements, Value Added Tax Form, Aggregate Tax Invoice by Customer and Seller, Resident Register Copy/Abstract, Certificate of Tax Payment, Certificate of Local Tax Payment, Certificate of Full Payment of Four Major Social Insurance Contributions, Health Insurance Premium Payment Certificate, etc.
* These documents can be submitted via the mobile app after identity verification using the Toss Certificate and retrieving data through Public MyData and scrapping.
* Opportunity Guaranteed Loan, Guaranteed Loan by BCGF(Busan Credit Guarantee Foundation), Guaranteed Loan by SCGF(Seoul Credit Guarantee Foundation), Ontact Guaranteed Loan requires a Lease Agreement on the address of the leased property.
Open hours
6:00~22:00 | Unsecured Loan for SOHO |
|---|---|
Weekdays 9:00 ~ 16:00 | Opportunity Guaranteed Loan |
Weekdays 9:00 ~ 21:00 | Guaranteed Loan by BCGF(Busan Credit Guarantee Foundation)
Guaranteed Loan by SCGF(Seoul Credit Guarantee Foundation)
Ontact Guaranteed Loan
Easy-One Guaranteed Loan |
* The loan disbursement hours for Easy-One Guaranteed Loan are Monday to Friday (excluding public holidays) from 09:00 to 15:00.
Interest rate
- Opportunity Guaranteed Loan
- Loan Rate: Min. 4.68% per annum – Max. 4.68% per annum (As of January 22, 2025)
- Base Rate: 2.98% per annum (CD-Linked Rate, 3 Months)
- Margin Rate: Min. 1.70% per annum – Max. 1.70% per annum
- Guaranteed Loan by BCGF(Busan Credit Guarantee Foundation)
- Loan Rate: Min. 3.48% per annum – Max. 3.48% per annum (As of January 22, 2025)
- Base Rate: 2.98% per annum (CD-Linked Rate, 3 Months)
- Margin Rate: Min. 2.00% per annum – Max. 2.00% per annum
- Subsidy Rate: 1.50%p preferential rate applied (Supported for 5 years from the loan disbursement date)
- Unsecured Loan for SOHO
- Loan Rate: Min. 4.52% per annum – Max. 15.00% per annum (As of January 22, 2025)
- Base Rate: 3.04% per annum (Financial Bonds, 3 Months), 3.01% per annum (Financial Bonds, 6 Months), 2.83% per annum (Financial Bonds, 12 Months)
- Margin Rate: Min. 1.69% per annum – Max. 11.96% per annum
- Guaranteed Loan by SCGF(Seoul Credit Guarantee Foundation)
- Loan Rate: Min. 2.89% per annum – Max. 3.19% per annum (As of January 22, 2025)
- Base Rate: 2.99% per annum (CD-Linked Rate, 3 Months)
- Margin Rate: Min. 1.70% per annum – Max. 2.00% per annum
- Interest Subsidy Rate: 1.80%p preferential rate applied (Supported for 4 years from the loan disbursement date)
- Ontact Guaranteed Loan
- Loan Rate: Min. 4.68% per annum – Max. 4.68% per annum (As of January 22, 2025)
- Base Rate: 2.98% per annum (CD-Linked Rate, 3 Months)
- Margin Rate: Min. 1.70% per annum – Max. 1.70% per annum
- Easy-One Guaranteed Loan
- Loan Rate: Min. 4.49% per annum – Max. 8.37% per annum (As of January 22, 2025)
- Base Rate: 3.04% per annum (Financial Bonds, 3 Months), 3.01% per annum (Financial Bonds, 6 Months), 2.83% per annum (Financial Bonds, 12 Months)
- Margin Rate: Min. 1.66% per annum – Max. 5.33% per annum
* The base rate for Unsecured Loan for SOHO, Easy-One Guaranteed Loan can be selected from Financial Bonds (3 Months) (adjustment cycle: 3 months), Financial Bonds (6 Months) (adjustment cycle: 6 months), or Financial Bonds (12 Months) (adjustment cycle: 12 months).
* The Opportunity Guaranteed Loan, Guaranteed Loan by SCGF(Seoul Credit Guarantee Foundation), Guaranteed Loan by BCGF(Busan Credit Guarantee Foundation), and Ontact Guaranteed Loan apply the CD-linked loan rate (91-day term). For the Guaranteed Loan by SCGF(Seoul Credit Guarantee Foundation), the rate is based on the closing price announced by the Korea Financial Investment Association on the previous Thursday (or the preceding business day if Thursday is a holiday).
* The loan interest rate fluctuates based on the selected base rate at each adjustment cycle. Even after the maturity date, the adjustment cycle continues, and the loan interest rate changes according to the applicable base rate on that date.
* The margin rate varies depending on the bank's internal credit rating, loan term, and other factors specific to the customer.
* The interest subsidy rate applies only to loans covered under an interest support agreement. The interest support period is 5 years from the loan date for the Guaranteed Loan by BCGF(Busan Credit Guarantee Foundation) and 4 years from the loan date for the Guaranteed Loan by SCGF(Seoul Credit Guarantee Foundation).
* The interest subsidy rate does not apply in cases of business closure, bankruptcy, relocation of the business to another city or province, delinquency in loan principal or interest repayment, or expiration of the interest support period.
Delinquency interest rate
If there is an outstanding balance on the scheduled monthly payment date, a penalty rate will apply as follows.
Interest rate during delinquency | Loan interest rate + 3% per annum |
|---|
* For the Unsecured Loan for SOHO, if the outstanding amount remains unpaid for more than one month, late interest will be applied to the entire loan amount starting from the one-month mark (or after two missed payments in the case of equal principal and interest repayment).
* For the Opportunity Guaranteed Loan, Guaranteed Loan by BCGF(Busan Credit Guarantee Foundation), Guaranteed Loan by SCGF(Seoul Credit Guarantee Foundation), Ontact Guaranteed Loan, and Easy-One Guaranteed Loan, during the grace period, if the outstanding amount remains unpaid for more than one month, late interest will be applied to the entire loan amount starting from the one-month mark (or after two missed payments during the repayment period).
* For further details, please refer to the terms and conditions and product guide.
Other matters
- Repayment of interest
- Upon getting a new loan, borrowers can set an automatic payment date of their choice, and payments will be made on that date each month. If the payment date has not yet passed, the repayment date can be changed during the loan term.
※ If the payment date of the borrower’s choice is not the date upon which the loan was initiated, repayment may be immediately required on the next occurring date. Please review the first payment date provided at the time of application. - The Opportunity Guaranteed Loan, Guaranteed Loan by BCGF(Busan Credit Guarantee Foundation), Guaranteed Loan by SCGF(Seoul Credit Guarantee Foundation), Ontact Guaranteed Loan, and Easy-One Guaranteed Loan are policy-based loans where the automatic payment date (due date) is set according to the loan disbursement date. Payments are made on the same date each month, and the automatic payment date cannot be changed once set.
- Interest is calculated by multiplying the loan balance by the applicable interest rate from the previous interest payment date (or loan initiation date) to the day before the next payment date.
- Loan interest is automatically withdrawn from the designated auto-debit account on the scheduled interest payment date (or the next business day if it falls on a holiday). If the account has insufficient funds, late interest may be incurred. To avoid being charged additional fees, ensure that sufficient funds are deposited on the payment date or make a direct payment via the app (available even on holidays).
- Note
- Loan approval is subject to the bank's internal screening criteria and credit evaluation results. Loan approval may be denied or restricted, and loan conditions such as loan limits and interest rates may vary.
- When applying for a loan, your credit inquiry history will be provided to credit bureaus, which may affect loan evaluations at other financial institutions. Additionally, once the loan is disbursed, your credit score may decrease depending on your debt level and overall credit status.
- If the loan amount is excessive relative to your repayment capacity, your credit score may drop, potentially leading to disadvantages in future financial transactions.
- The term for lump sum repayment at maturity loans is 1 year. To extend the loan term, borrowers must apply for extension through the app before maturity each year. Failure to repay the loan without an extension will result in a penalty rate on the outstanding balance. Additionally, delinquency records may be registered, which could negatively impact your financial transactions.
- Depending on the borrower's personal information and credit score assessment, the bank may require partial repayment of the loan or, in some cases, full repayment if the extension request is denied.
- Failure to repay the loan upon its maturity will result in a penalty rate on the outstanding balance. Additionally, delinquency records may be registered, which could negatively impact your financial transactions.
- If delinquency continues for an extended period, the borrower may be required to repay the full principal and interest before the agreement expires. Depending on the delinquency period, the information may be registered under “delinquency information, etc.” under the Credit Information Use and Protection Act and the Ordinary Credit Information Management Rules, which may result in disadvantaged financial transactions.
- Ordinary financial consumers have the right to receive an explanation about this loan product under Article 19, Paragraph 1 of the Financial Consumer Protection Act. Please make sure to read the terms and conditions as well as the product guide before signing an agreement.
- Right to request a reduction in interest rate
- For loans where interest rates are applied differently based on the bank’s personal credit evaluation, borrowers may request an interest rate reduction through the mobile app if there is a significant change in their credit status (e.g., job change, income increase, debt reduction, or credit score improvement).
※ However, it is possible that the interest may not be reduced depending on the bank’s internal policies or credit evaluation results. - The Opportunity Guaranteed Loan is secured by a full guarantee certificate from the Gyeonggi Credit Guarantee Foundation and is not eligible for an interest rate reduction request.
- For the Guaranteed Loan by BCGF(Busan Credit Guarantee Foundation), if the loan is secured by a full guarantee certificate from the Busan Credit Guarantee Foundation, it is not eligible for an interest rate reduction request.
- For the Guaranteed Loan by SCGF(Seoul Credit Guarantee Foundation), if the loan is secured by a full guarantee certificate from the Seoul Credit Guarantee Foundation, it is not eligible for an interest rate reduction request.
- For the Easy-One Guaranteed Loan, if the loan is secured by a full guarantee certificate from the Korea Credit Guarantee Fund, it is not eligible for an interest rate reduction request.
- Reasons for making a request of reduction interest rate claim
- Increase in credit score
- Increase in personal credit score from a Credit Rating Agency: since banks primarily use credit rating agencies' personal credit information for their evaluations, an improved credit score from a credit rating agency may lead to an upgrade in the bank’s internal credit rating.
- Increase in income and assets
- Higher income and asset levels can positively impact a borrower’s financial profile by reducing outstanding loans, resolving delinquencies, and increasing financial assets, which may contribute to an improved internal credit rating at the bank.
- Right of withdrawal from a loan agreement
- The right to withdraw from a loan agreement allows borrowers to cancel their loan agreement during the cooling-off period.
- Borrowers may request withdrawal within 14 days from the loan execution date (or the next business day if the deadline falls on a holiday). The principal and interest, along with any costs incurred by the bank (such as fees paid to third parties related to the loan contract), must be repaid.
- Once a loan agreement is withdrawn, the bank will immediately request the deletion of loan information from external credit rating agencies and credit information institutions, and the update will be reflected within 5 business days.
- Once a loan agreement withdrawal is completed, it cannot be canceled.
- Right of termination of an unlawful agreement
- Borrowers have the right to terminate an unlawful agreement if Toss Bank violates the Act on the Protection of Financial Consumers, such as by failing to meet suitability or appropriateness requirements, breaching the duty to provide explanations, or engaging in unfair business practices or improper solicitation when issuing the loan.
- A written termination request must be submitted within one year of discovering the violation, but no later than five years from the agreement date.
- The bank will review the request and notify the borrower of its decision and rationale within 10 days of receiving the termination request.
* For further details, please refer to the terms and product guide.
* This information is provided in accordance with the Act on the Protection of Financial Consumers and Toss Bank’s internal control policies.
*Ad updated as of 2025.02.26. Please check from Toss Bank for the latest information.*This ad will remain published even after it expires for record-keeping purposes.*This ad is based on its original Korean version. In case of any discrepancy between the translation and the original, the Korean version shall have legal effect.*Toss Bank Compliance Officer Review #250332 (2025.02.26. ~ 2026.02.25.)
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