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Guarantee Fee

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If you receive a credit guarantee, you must pay the guarantee fee on the date of issuance of the credit guarantee..
The guarantee fee rate is calculated by sequentially applying the additional and subtracted guarantee fee rates from the standard guarantee fee rate for each credit rating, and must be paid within the range of a minimum of 0.5% and a maximum of 2.0% of the guaranteed balance.

Standard guarantee fee rate by credit rating

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Credit ratingApplied rateRemarks
AAA 0.8% In cases where the credit rating is not evaluated or the credit rating cannot be calculated, such as for guarantees under KRW 30 million, a fee of 1.2% (standard guarantee fee rate) is applied.
AA 0.9%
A 1.0%
BBB 1.1%
BB 1.2%
(Standard guarantee fee rate)
B 1.3%
CCC or below 1.4%

Deduction and addition factors of the guarantee fee

Deduction factor

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Guarantee fee rateDetails
0.1%P
  • Discount bill
  • Model taxpayer according to the “Busan Metropolitan City Model Taxpayer Preference and Support Ordinance”
  • “Guarantee Conditional Upon Special Contribution Agreement” was concluded and a guarantee application was received by a financial company acting on behalf of the Foundation
0.2%P
  • Companies subject to the Busan City Businessman Preference Ordinance
  • Family friendly certified companies
  • Multi-child, multicultural, single-parent family, small business owners
0.3%P
  • Disability registration certificate was received from a local government, or a different rating from the Ministry of Patriots and Veterans Affairs
Addition factor

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Guarantee fee rateDetails
0.1%P
  • High-risk industries separately determined by the Foundation
  • The deposit amount of Shinbo, Kibo, or Foundation, including for this case, is KRW 100 million or more
0.2%P
  • There has been a breach of guarantee conditions within the last 1 year (will be added to the current guarantee period extension, but if there is no conflict with the above matters for the next extension, the added guarantee fee can be deducted)
  • The deposit amount of Shinbo, Kibo, or Foundation, including this case, is more than KRW 200 million

Guarantee fee added per guarantee transaction period

The additional guarantee fee rate according to the guarantee period is increased by 0.1%P for each year beyond the date of the first new guarantee.


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Guarantee period & Additional guarantee fee rate
1. No additional charge for guarantee period of 1 year or less.
2. If the guarantee period exceeds 1 year but is less than 2 years, 0.1%P is added.
3. If the guarantee period exceeds 2 years but is less than 3 years, 0.2%P is added.
4. If the guarantee period exceeds 3 years but is less than 4 years, 0.3%P is added.
5. If the guarantee period exceeds 4 years but is less than 5 years, 0.4%P is added.
6. If the guarantee period exceeds 5 years but is less than 6 years, 0.5%P is added.
7. If the guarantee period exceeds 6 years but is less than 7 years, 0.6%P is added.
8. If the guarantee period exceeds 7 years but is less than 8 years, 0.7%P is added.
9. If the guarantee period exceeds 8 years but is less than 9 years, 0.8%P is added.
10. If guarantee period exceeds 9 year, 0.9%P is added.

  • * However, when repaying a discounted bill, a bill guarantee, or more than 10% of the original guarantee amount (excluding the reduction due to a partial guarantee), the additional guarantee fee rate for each period is not applied.

Lump sum payment of the guarantee fee

When the guarantee fee for a guarantee period of 3 years or more is paid in a lump sum, the guarantee fee for the guarantee period can be collected by setting the minimum number of months as shown in the table below and exceeding the guarantee fee only if the main debt is not a lump sum repayment, and it will be considered that payment is made and completed only by the date of the guarantee’s expiration.


Minimum number of months for payment of the guarantee fee by guarantee period

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ClassificationGrace period
None1 year2 years3 years
Guarantee period3 years 20 months 30 months - -
4 years 30 months 36 months 43 months -
5 years 36 months 43 months 50 months 57 months
6 years 43 months 50 months 57 months 64 months
7 years 50 months 57 months 64 months 71 months
8 years 57 months 64 months 71 months 78 months

  • * Depending on the handling standards, the minimum payment month for the guarantee fee may vary for some products.

Late payment guarantee fee

Guarantee fees not paid on time will be collected at an annual rate of 10%.

Additional guarantee fee

The balance of the main debt that has not been repaid by the agreed guarantee period is collected at the calculated guarantee fee rate plus 0.5%.