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Foreign workers · Car-secured loan consultation

Own a car in your name?
Get a car-secured loan

You can get a consultation for a loan secured by your own car.
Compare it with the Kwangju Bank personal loan for foreigners.

Loan limit
Up to KRW 50M
Interest rate
12% – 15% a year
Loan term
3 – 36 months

Kwangju Bank personal loan for foreigners

Apply for a loan consultation

No documents needed — just your basic details.
We will contact you at the phone number you enter.

Loan you want

Your information is sent encrypted and used only for the consultation.

  • Vietnam
  • Indonesia
  • Nepal
  • Mongolia
  • Philippines
  • Cambodia
  • Uzbekistan
  • Myanmar
  • Sri Lanka

Two ways
to get a consultation

Pick the loan that fits you, or compare both in one consultation.

Car-secured loan

Loan secured by
your own car

If a car is registered in your name,
you can ask about a loan that uses the car as collateral.

  1. 1 The car must be registered in the applicant’s own name.
  2. 2 The limit and rate are explained through consultation and review.
  3. 3 You can compare it with the personal loan in the same consultation.
Request car loan consultation
Personal loan

Personal loan

Kwangju Bank personal loan for foreigners.
Up to KRW 50 million, 12% – 15% a year.

  • 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?
    OK     Workers 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.
  • 0.33% early repayment fee Paying back early costs very little.
Apply now

Limit and rate by visa

Required employment period, loan limit and interest rate depend on your visa.

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
Max. limit
KRW 45M
Rate
12.5% – 14.5% a year
Employment
1 month+
  • 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. 1

    Quick application

    Enter your name, mobile number, nationality and visa.

  2. 2

    Identity check

    Verify your identity with your ID card.

  3. 3

    Check your limit

    Find out how much you can borrow.

  4. 4

    Documents & review

    Send the documents you are asked for, then the review begins.

  5. 5

    Approval & contract

    After approval, sign with a 6-digit verification code.

  6. 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 · Basic documents

You do not need them to apply.
A consultant will tell you what to send during the review.

  • 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

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.
See personal loan
Apply now

Choose your language

You can change it any time with the language button at the top.

Consent to collection and use of personal information

Items collected
Name, mobile number, nationality, visa (status of stay), loan type wanted
Collected automatically
IP address (stored encrypted), browser information, referring page
Purpose
Loan consultation and application intake, prevention of misuse
Retention period
Deleted without delay once the consultation purpose is fulfilled, unless the law requires it to be kept for a set period.

You may refuse to consent.
If you refuse, you cannot request a consultation.