![Jeju Bank strengthens inclusive finance by burning long-term overdue bonds and expanding public finance. [Jeju Bank]](https://wimg.mk.co.kr/news/cms/202606/22/news-p.v1.20260622.29db65096a9942588b42fd21de901cc5_P1.png)
Jeju Bank announced on the 22nd that it will strengthen financial support for mid- and low-credit people, ordinary people, and small business owners as part of the 'Inclusive Finance 2.0 ON (溫) project promoted by Shinhan Financial Group.
Jeju Bank will first burn about 3.6 billion won worth of long-term overdue bonds to help reduce the economic burden on customers who have had difficulty repaying their debts for a long time and set the stage for credit recovery.
Sunshine Loan, a policy-based financial product for low-income and low-credit customers, is also temporarily applied with a special reduction rate of 0.4 percentage points (p) to lower the interest burden and expand the supply of Sightdol loans, a mid-interest rate loan product for mid- and high-credit customers. As a result, the monthly new handling of non-face-to-face Sunshine Loan and Sightdol loans increased about 10 times from 7.2 billion won (877 cases) in January to 71.6 billion won (7215 cases) in May.
Jeju Bank plans to prepare a mid- to long-term basis for inclusive finance by participating in the small-business & self-ownership credit Bureau (SCB) project to evaluate the business performance and growth potential of small business owners using various information such as sales, business, and commercial areas.
