From the second half of this year, the scope of credit card usage records recognized for interest rate reduction conditions for household loans will be expanded. Banks have agreed to recognize most credit card usage records when reducing loan interest rates, except for some items such as card loans and deferred transportation cards. Check cards are also recognized in the same way as credit cards, and installment payments are divided and recognized every month, which is more advantageous. The Financial Supervisory Service has instructed banks to clearly inform loan agreements and other documents about the interest rate reduction conditions. The improvement plan will be applied sequentially to new borrowers from September to October.
