Kwangju Bank · Personal loan for foreign workers
A personal loan for
foreigners
working in Korea
Apply from 1 month of employment, even without the 4 major insurances.
Leave your name and phone number and we will guide you.
- Loan limit
- Up to KRW 50M
- Interest rate
- 12% – 15% a year
- Loan term
- 3 – 36 monthsE-9: up to 48 months
- Kwangju Bank product
- 9 nationalities eligible
- Apply without documents
Apply for a loan consultation
No documents needed — just your basic details.
We will contact you at the phone number you enter.
Kwangju Bank Personal Loan for Foreigners
Made for
foreign workers in Korea
-
From 1 month of work
With an E-7 or E-9 visa you can apply after 1 month at your job.
-
No 4 major insurances?
OKWorkers without the 4 major insurances can proceed with a certificate of employment.
-
Separate from other loans
Even with loans from other lenders, you can get up to KRW 50 million separately, with no refinancing required.
-
Sign without a certificate
Sign the contract with a 6-digit Kwangju Bank verification code — no digital certificate needed.
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0.33% early repayment fee
Paying back early costs very little.
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Car-secured loan
If you own a car in your own name, you can also ask about a car-secured loan.
Who can apply
You can apply if you meet all of the conditions below.
- Nationality
- Vietnam, Indonesia, Nepal, Mongolia, Philippines, Cambodia, Uzbekistan, Myanmar, Sri Lanka
- Visa
- E-1, E-2, E-3, E-7, E-9, F-2, F-4, F-5, F-6 (D-2 has separate conditions)
- Age
- 18 or older
- Employment
- 1 month or more (depends on visa)
- Remaining stay
- 6 months or more
-
Vietnam -
Indonesia -
Nepal -
Mongolia -
Philippines -
Cambodia -
Uzbekistan -
Myanmar -
Sri Lanka
Limit and rate by visa
Required employment period, loan limit and interest rate depend on your visa.
| Visa | Employment | Max. limit | Rate |
|---|---|---|---|
| E-7E-9 | 1 month+ | KRW 45M | 12.5% – 14.5% a year |
| E-1E-2E-3 | 3 months+ | KRW 50M | 12% – 14% a year |
| F-2F-5 | 6 months+ | KRW 45M | 12.5% – 14.5% a year |
| F-4F-6 | 6 months+ | KRW 35M | 13% – 15% a year |
- D-2 D-2 (student) visa holders can apply with a certificate of enrollment and a passport, even without income.
- E-9 · E-10 For first-time E-9 and E-10 entrants, the loan term is set to the visa expiry date plus 12 months, regardless of remaining stay (up to 36 months).
How it works
On this page you only leave simple details.
We will tell you about documents after the consultation.
- 1
Quick application
Enter your name, mobile number, nationality and visa.
- 2
Identity check
Verify your identity with your ID card.
- 3
Check your limit
Find out how much you can borrow.
- 4
Documents & review
Send the documents you are asked for, then the review begins.
- 5
Approval & contract
After approval, sign with a 6-digit verification code.
- 6
Payout
Once signed, the loan is paid into your own bank account.
Product details
- Product
- Kwangju Bank Personal Loan for Foreigners
- Loan limit
- Up to KRW 50 million (depends on visa)
- Interest rate
- 12% – 15% a year (depends on visa)
- Repayment
- Equal monthly principal and interest (includes a 1-month grace period)
- Loan term
- 3 to 36 months (E-9: up to 48 months)
- Early repayment fee
- 0.33%
- Additional loan
- Available after 3 repayments
- Refinancing
- Available on request
- Contract signing
- 6-digit Kwangju Bank verification code, no certificate
Documents to know about
You do not need them to apply.
A consultant will tell you what to send during the review.
Basic documents
- Alien registration card (front and back)
- Passport
- Current home address
- Copy of your bankbook (front page) in your name
Proof of employment
- With 4 major insurances: checked automatically through public MyData
- Without 4 major insurances: certificate of employment
Proof of income (choose 1)
- Salary account history for 6 months
- Pay slips for 12 months
- Withholding tax receipt
Extra by visa or nationality
- E-9: standard labor contract
- D-2: certificate of enrollment, passport
- Sri Lankan nationals: Sri Lanka water or electricity bill, marriage relationship certificate
your own car If a car is registered in your name,
you can ask about a loan that uses the car as collateral. See car loan
Important notice
- Borrowing too much can lower your personal credit score.
- A lower credit score may restrict your financial transactions or cause disadvantages.
- If payments are overdue, you may have to repay the principal and interest before the contract ends.
- The loan limit and interest rate may vary depending on the review result.
- Please read the product description and terms before signing a contract.
- You have the right to a full explanation of this product.
Please sign only after you understand it. - It is illegal for anyone to ask for or receive a fee for loan consultation or brokerage.