KakaoBank Raises Individual Business Owner Credit Loan Limit to ₩300 Million

KakaoBank has significantly expanded its credit loan limit for individual business owners from the existing 100 million won to 300 million won. Concurrently, it has innovated convenience and safety by introducing the financial industry's first non-face-to-face scraping-based 'Post-Verification System for Misappropriation of Funds'. KakaoBank's credit loan for individual business owners, which surpassed a loan balance of 1 trillion won two and a half years after its launch in the second half of 2022, is characterized by its availability for non-face-to-face application without complex documentation. This limit expansion primarily targets professional individual business owners such as doctors and lawyers, as well as prime business owners, offering competitive interest rates starting from a minimum of 3.34% per annum (up to 9.27% as of June 2, 2025). Notably, preferential interest rates in the low 4% range are applied to business owners with credit ratings of 1 to 3, maintaining the lowest interest rate level among 19 banks based on Korea Federation of Banks data. The non-face-to-face post-verification system, introduced for the first time in the industry, allows customers with loans exceeding 100 million won to directly verify the proper use of funds within three months of loan execution via the app. Customers can import tax invoices from the National Tax Service and loan repayment details using the 'Simple Inquiry' function, and submit other supporting documents as image attachments. As all processes are conducted through the app, loan usage can be managed transparently and conveniently without visiting the bank. KakaoBank has also strengthened measures to prevent the misappropriation of funds during the loan application process. It informs customers about restrictions on personal use using 'easy-to-understand language' and enhances customer comprehension through O/X quizzes. A KakaoBank official stated, "We have expanded the limit in line with the increasing demand for business expansion and operating funds from business owners," adding, "We will continue to introduce customized products and services that reflect customer characteristics." However, customers are advised that failure to comply with the post-verification deadline may result in the loss of the benefit of time.