Kakao Bank emergency loan is a small negative loan product that can be easily applied through mobile. What should I do when the expiration date of emergency loan approaches? We will look into the extension of Kakao Bank emergency loan, and introduce the pros and cons of the extension, the application method and conditions, the reasons for rejection and solutions 카오뱅크 비상금대출 연장
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What are the advantages and disadvantages of Kakao Bank emergency loan extension?
Advantages of Kakao Bank Emergency Loan Extension jasminevista.com
You don’t need to repay the principal and interest at once on the maturity date. You just need to pay interest on a monthly basis.
The loan limit is maintained, so you can use it whenever you need a power supply.
The loan interest rate is a variable rate product, so if the base rate falls, the loan rate also falls.
The downside of Kakao Bank’s emergency loan extension
The longer the loan period, the greater t 
he interest burden. If you don’t repay the principal, the interest will accumulate.
The loan interest rate is a variable rate product, so if the base rate rises, the loan rate also rises.
Depending on your credit rating or debt status, your application for extension may be rejected.
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How to apply for Kakao Bank emergency loan extension and what are the necessary conditions?
How to apply for Kakao Bank emergency loan extension
You can apply for an extension 30 days before the expiration date of the emergency loan. You can receive an extension via KakaoTalk, text message, e-mail, etc. 45 days before the expiration date.
Access the Kakao Bank app and go to the emergency loan menu. Press the Apply for Extension button and agree to your personal information.
The result of the extension application can be viewed immediately, and if approved, you will receive an extension approval notification. The extension approval can also be found in the app.
Conditions for applying for Kakao Bank’s emergency loan extension
If arrears have not occurred
In cases where individual rehabilitation is not undergoing individual rehabilitation
If you have never filed for bankruptcy
If you are not eligible for indemnification
If it has never been registered as default information
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If Kakao Bank emergency loan extension is rejected and what is the solution?
If Kakao Bank’s emergency loan extension is rejected
If the credit rating or debt status has deteriorated significantly
In case of exceeding the guarantee limit of Seoul Guarantee Insurance
Failure to meet Kakao Bank’s internal screening criteria
Kakao Bank Emergency Loan Extension How to Resolve Refusal
How to repay both principal and interest by the maturity date and apply for a loan again
The loan limit or interest rate may vary.
How to repay Kakao Bank emergency loans by taking out loans from other financial institutions
The terms of the loan may be more disadvantageous.
How to contact Kakao Bank’s customer center to consult on the reasons for rejection of the extension and solutions
The Kakao Bank Customer Center can be contacted by phone, Kakao Talk, e-mail, etc. It explains the reasons for the rejection of the extension and the solution in detail, and if necessary, it will guide you on submitting additional documents or proceeding with the review again. If you contact the Kakao Bank Customer Center, please prepare a copy of your emergency payment account number and ID card.
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The Kakao Bank emergency loan extension is to extend the loan period before the emergency loan’s maturity date approaches. The application for an extension can be made simple in the Kakao Bank app, and no separate documentation is required. The advantage of the extension is that it does not have to repay the principal and interest at once on the maturity date, and the loan limit is maintained, so it can be used whenever an emergency is needed. The downside is that the longer the loan period, the greater the interest burden, the more the loan interest rate may change, and the application for an extension may be rejected depending on your credit rating or debt status. If the application for an extension is rejected, there is a way to repay both principal and interest by the maturity date, receive a loan from another financial institution, or contact the Kakao Bank customer center. Kakao Bank emergency loan extensions can be applied differently depending on your credit rating and debt status, so please decide carefully.