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Jae-myung Lee, Governor of Gyeonggi Province. News 1
Gyeonggi Governor Lee Jae-myung refuted an article expressing concern about basic loans and emphasizing the effectiveness and necessity of basic loans. In addition, it announced that it is reviewing basic loans that provide long-term loans of 10 to 20 years at an interest rate of 2% to 5 million to 10 million won to all residents of the city.
Lee said via Facebook on the 7th: “The bank guarantees 100% repayment of the principal, so there is no risk, and if Jig’s guarantee is accumulated by accumulating a loss compensation allowance instead of a loan direct of 50 billion won, it is from several times to several tens of times according to the expected loss rate. “It can bring you more financial benefits.” This is a rebuttal to some of the media under the point that “the banknotes are feeling a lot of pressure after Gyeonggi Credit Guarantee sends an official letter to the main banks that are suspicious of the basic loan product that this branch has been promoting. “.
Lee said: “Since it is a safe product with a 100% money-back guarantee (from the bank’s point of view), there is no risk of loss, even if you actually do make a loan. He said:” It is ridiculous to feel the burden of inquiries about products that have zero risk of loans, although the job that is calculated quickly is the banker.
Governor Lee also explained about the loan system that Gyeonggi Province is already implementing for low-credit residents. He said, “I have been making ‘ultra-low credit loans’ of 500,000 to 3 million won with a budget of 50 billion won since last year.” “We are considering a policy that the Gyeonggi Credit Guarantee Foundation guarantees the full amount of the loan principle to provide long-term loan opportunities and benefit even people with little credit.”
“This is the Gyeonggi-style basic loan policy. If the central government invests only part of the budget and introduces the basic loan system, the welfare budget can be reduced and the financial monetary policy, which rarely works, works. to some extent, helping the economy recover. “I want to show that I can do it.”
Reporter Lee Hae-jun [email protected]
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