Business Term Loans
International Business Financing
Coverage
Fund to settle in foreign currency related to import of goods, royalty payment for imported technology and services.
Fund for direct overseas investment.
Purchase of locally built machinery: machinery, whose local contribution rate is 50% or more, among the latest technologies or products announced by the Ministry of Commerce, Industry and Energy. Machinery, whose local contribution rate is 50% or more, among industrial products listed on the Tax Reduction and Exemption Control Act. Facilities leased to companies in accordance with the Facility Leasing Act or facilities imported by an engineering company for sales, which was licensed under the Engineering Technology Promotion Act.
Early repayment of foreign debt (In case of replacing the existing loans for a better loan condition, or early repayment is demanded.)
Repayment
Installment repayment one or more times a year on a regular basis.
Term
Within 10 years (For loans of above 3 years Contracted term , a grace period is granted within the time frame matching a third of the loan term)
Loan Rate
Foreign Currency Loan less than 1 year: basis rate for short term Foreign Currency Loan + Additional Rates
Foreign Currency Loan more than 1 year: basis rate for General Foreign Currency Loan + Additional Rates
Loan conditions are subject to the credit rating rated by KEB.