[Economy Chosun, September 28th, 2020]

Pepper Savings Bank proudly provides special rate provision programs for green building holders and eco-friendly automobile holders

Pepper Savings Bank, one that has repeated business growth since its establishment in 2013 and ranked in ‘top 3’ out of 79 Korean savings banks as of the end of June, 2020, is taking the lead in social contributions through eco-minded business as well as maintaining external growth. Especially, Pepper Savings Bank is the first in the industry to launch the special rate provision products for green building holders and eco-friendly automobile holders, contributing to energy savings. Also, the company is leading green finance by establishing an eco-friendly business environment in their workplace.

Pepper Savings Bank launched the special rate provision campaign for green building holders at the end of January, 2020, providing a special rate ranging from at least 0.3%p to up to 1%p per year to applicants who put up a green building as collateral for a residential mortgage. Not only for apartments, any forms of
green buildings – such as multi-family residents, shops, factories – that obtained the green building grade certificate and energy efficiency grade certificate can also receive special rates.

In addition, through the special rate provision campaign for eco-friendly automobile holders since last April, Pepper Savings Bank provides a special rate of 4%p per year to applicants who put up an eco- friendly automobile as collateral for a car mortgage. Applicants who use their electric cars and hydrogen-powered cars as collateral will get a special rate of 2~4%p per year, and hybrid cars and plug-in cars can get 1~2%p per year. With the favorable consumer response, the company has offered KRW 5 billion worth of special rate advantages since the launch of the campaign as of September 17, 2020.

Read the news in Korean here.