Other · Online loan-switching platform (FSC)Estimated
Loan Switching (refinancing)
⚠️ Think it over💰 Up to ₩1M+/yr in interest savings
A one-stop comparison to refinance existing loans at lower rates and cut interest.
💡 Just shaving 1% off your rate is ₩1M/yr on ₩100M — and from 2025 the early-repayment fee is halved too. Don't switch and you overpay that much every year.
What the ads say
Refinance your loan at a lower rate.
How it actually works
Credit loans (since May 2023), mortgages, and jeonse loans (since Jan 2024) can be compared across multiple lenders online and refinanced. Moving a ₩100M credit loan from 5% to 4% saves about ₩1M in interest a year. From 2025, the mortgage early-repayment fee was also halved (0.6-0.7%), lowering the bar to switching.
⚠ Traps
- •You must net out early-repayment fees, reduced limits, and changed terms to judge the real benefit
- •Switching again right after you've switched means more fees — frequent hopping is inefficient
- •Affiliations differ by private comparison platform, so you should compare several
✓ Good for
- · Holders of credit, mortgage, or jeonse loans taken out during a high-rate period
- · People whose existing loan rate is higher than current market rates
✗ Not for
- · People for whom the benefit is small once early-repayment fees and remaining term are weighed
- · People who already borrowed at rock-bottom rates
Verification score (rubric)
11 / 12
- Real cash savings
- Ease of conditions
- No traps
- Clear audience
- Validity
- Accessibility