PFCT, Launch of Credit Loans for Medium-Low Credit Borrowers Linked with Savings Banks

[Financial News] Online Investment Linked Financial Business (On-Tu-Up) leader PFCT (PFCT) announced on the 27th that it will secure linked investment funds from the savings bank sector to sell credit loan products for medium-low credit borrowers.
In July 2024, the Financial Services Commission designated linked investment in personal credit loans of savings banks' On-Tu-Up as a new innovative financial service. Subsequently, the two sectors discussed specific plans for executing linked investments and developed systems, resulting in the launch of an online mid-interest credit loan service for the public by On-Tu-Up and savings banks after 10 months.
The official sale will begin on the 28th of this month, with investment funds procured from Daol Savings Bank, Goryeo Savings Bank, Smart Savings Bank, and Seram Savings Bank. It is expected to gradually expand depending on the trend of applications for medium-low credit loans.
As PFCT fully supplies mid-interest credit loans utilizing the industry's top artificial intelligence (AI) credit risk management technology, it is expected to ease the financial burden for medium-low credit borrowers. The PFCT credit loan product through savings bank-linked investment offers improved financial services compared to existing products, such as △ reduced interest burden △ easy non-face-to-face loan application △ fast loan execution within 24 hours after application. Especially, based on PFCT's more sophisticated AI credit risk analysis technology, it is possible to offer optimized credit loans in terms of interest rates and limit conditions compared to existing savings banks (second financial sector).
Financial consumers who want to check the availability, interest rates, and limit conditions of personal credit loans provided by PFCT can find detailed information on PFCT's On-Tu-Finance app 'Kreple' from the 28th of this month. It will also be gradually launched on major domestic loan comparison service platforms in the future.
Lee Su-hwan, CEO of PFCT, said, "With PFCT's industry-leading AI credit risk and loan operation management technology, we will open the era of 1.5 finance for medium-low credit borrowers by providing better mid-interest loan options for the public and establishing ourselves as a stable revenue partner for savings banks."

coddy@fnnews.com Ye Byeong-jeong Reporter