“Contribute up to 2 million won a month” ... 6% annual-rate promissory notes launched

[Financial News] Hana Securities is teaming up with Toss Bank to launch an installment-based promissory note product offering an annual interest rate of 6%.
Hana Securities said on the 5th that it had launched an installment-based promissory note product exclusive to the partnership through Toss Bank’s “Grow Your Lump Sum” service.
The product is designed to help customers build up a lump sum by setting aside a fixed amount each month. Customers can set their monthly contribution in the Toss Bank app and make payments by automatic transfer. Monthly contributions range from a minimum of 100,000 won to a maximum of 2 million won.
The total sales limit is 100 billion won. An annual pre-tax interest rate of 6.0% applies to customers who meet the contractual conditions, including making at least eight payments and keeping the product until maturity. The same rate is available to new customers and existing customers who hold Hana Securities accounts linked to Toss Bank.
An event for new customers is also being held to mark the product launch. Customers who open their first Hana Securities account through Toss Bank and participate in the event will receive a 25,000-won coupon for purchasing domestic stocks. One additional share of Hanwha Galleria stock will be provided the following month, and discounted commissions on domestic stock trades will also apply for one year from the date of event registration.
Jo Dae-heon, head of Hana Securities’ AI Digital Strategy Division, said, “This partnership with Toss Bank will make it easier and more convenient for customers to access Hana Securities’ financial investment products on a banking platform they use every day.” He added, “We will offer a range of products and benefits to meet customers’ investment goals and wealth-management needs.”

[email protected] Seo Min-ji Reporter