Understanding financial terms is crucial when living or doing business in Korea, especially when dealing with loans. This guide focuses on how to discuss “low-interest loans” in Korean, covering essential vocabulary and phrases you might encounter when interacting with financial institutions or discussing financial matters.
Table Of Content
Core Term
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Expression: 저금리대출
Pronunciation: jeo-geum-ni-dae-chul
Meaning: Low-interest loan (저 = low, 금리 = interest rate, 대출 = loan)
Related Loan Vocabulary
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Expression: 대출
Pronunciation: dae-chul
Meaning: Loan -
Expression: 금리
Pronunciation: geum-ni
Meaning: Interest rate -
Expression: 이자율
Pronunciation: i-ja-yul
Meaning: Interest rate (Synonym of 금리) -
Expression: 고금리
Pronunciation: go-geum-ni
Meaning: High interest rate -
Expression: 변동금리
Pronunciation: byeon-dong-geum-ni
Meaning: Variable interest rate -
Expression: 고정금리
Pronunciation: go-jeong-geum-ni
Meaning: Fixed interest rate -
Expression: 신용대출
Pronunciation: sin-yong-dae-chul
Meaning: Credit loan (unsecured loan) -
Expression: 담보대출
Pronunciation: dam-bo-dae-chul
Meaning: Secured loan (collateral loan) -
Expression: 주택담보대출
Pronunciation: ju-taek-dam-bo-dae-chul
Meaning: Mortgage loan (home equity loan) -
Expression: 대출 신청
Pronunciation: dae-chul sin-cheong
Meaning: Loan application -
Expression: 대출 심사
Pronunciation: dae-chul sim-sa
Meaning: Loan review / screening -
Expression: 대출 승인
Pronunciation: dae-chul seung-in
Meaning: Loan approval -
Expression: 상환
Pronunciation: sang-hwan
Meaning: Repayment
Phrases for Discussing Loans
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Expression: 저금리대출 상품 있나요?
Pronunciation: jeo-geum-ni-dae-chul sang-pum it-na-yo?
Meaning: Do you have any low-interest loan products? -
Expression: 대출 금리가 어떻게 되나요?
Pronunciation: dae-chul geum-ni-ga eo-tteo-ke doe-na-yo?
Meaning: What is the loan interest rate? -
Expression: 대출을 받고 싶습니다.
Pronunciation: dae-chul-eul bat-go sip-seum-ni-da.
Meaning: I would like to get a loan. -
Expression: 대출 신청하고 싶어요.
Pronunciation: dae-chul sin-cheong-ha-go si-peo-yo.
Meaning: I want to apply for a loan. -
Expression: 대출 심사 기간은 얼마나 걸리나요?
Pronunciation: dae-chul sim-sa gi-gan-eun eol-ma-na geol-li-na-yo?
Meaning: How long does the loan review process take? -
Expression: 고정금리와 변동금리 중 어떤 것이 더 유리한가요?
Pronunciation: go-jeong-geum-ni-wa byeon-dong-geum-ni jung eo-tteon geo-si deo yu-ri-han-ga-yo?
Meaning: Which is more advantageous, a fixed interest rate or a variable interest rate? -
Expression: 대출 상환 계획을 세우고 싶어요.
Pronunciation: dae-chul sang-hwan gye-hoek-eul se-u-go si-peo-yo.
Meaning: I want to make a loan repayment plan. -
Expression: 이자 부담을 줄이고 싶어요.
Pronunciation: i-ja bu-dam-eul jul-i-go si-peo-yo.
Meaning: I want to reduce the interest burden. -
Expression: 정부 지원 저금리대출이 있나요?
Pronunciation: jeong-bu ji-won jeo-geum-ni-dae-chul-i it-na-yo?
Meaning: Are there government-supported low-interest loans? -
Expression: 대출 관련해서 상담받고 싶습니다.
Pronunciation: dae-chul gwal-lyeon-hae-seo sang-dam-bat-go sip-seum-ni-da.
Meaning: I would like to have a consultation regarding loans.
Asking About Loan Conditions
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Expression: 저금리대출 자격 조건이 어떻게 되나요?
Pronunciation: jeo-geum-ni-dae-chul ja-gyeok jo-geon-i eo-tteo-ke doe-na-yo?
Meaning: What are the eligibility requirements for a low-interest loan? -
Expression: 필요한 서류는 무엇인가요?
Pronunciation: pil-yo-han seo-ryu-neun mu-eo-sin-ga-yo?
Meaning: What documents are required? -
Expression: 대출 한도는 얼마까지 가능한가요?
Pronunciation: dae-chul han-do-neun eol-ma-kka-ji ga-neung-han-ga-yo?
Meaning: What is the maximum possible loan limit? -
Expression: 상환 기간은 어떻게 설정할 수 있나요?
Pronunciation: sang-hwan gi-gan-eun eo-tteo-ke seol-jeong-hal su it-na-yo?
Meaning: How can the repayment period be set? -
Expression: 중도상환수수료가 있나요?
Pronunciation: jung-do-sang-hwan-su-su-ryo-ga it-na-yo?
Meaning: Is there a prepayment penalty (early repayment fee)? -
Expression: 소득 증빙 서류가 필요한가요?
Pronunciation: so-deuk jeung-bing seo-ryu-ga pil-yo-han-ga-yo?
Meaning: Are proof of income documents required? -
Expression: 신용 점수가 대출에 영향을 미치나요?
Pronunciation: sin-yong jeom-su-ga dae-chul-e yeong-hyang-eul mi-chi-na-yo?
Meaning: Does the credit score affect the loan? -
Expression: 담보가 필요한 대출인가요?
Pronunciation: dam-bo-ga pil-yo-han dae-chul-in-ga-yo?
Meaning: Is this a loan that requires collateral? -
Expression: 보증인이 필요합니까?
Pronunciation: bo-jeung-in-i pil-yo-ham-ni-kka?
Meaning: Is a guarantor required? -
Expression: 대출 실행까지 얼마나 걸리나요?
Pronunciation: dae-chul sil-haeng-kka-ji eol-ma-na geol-li-na-yo?
Meaning: How long does it take until the loan is disbursed?
Korean Culture Notes
Understanding the cultural context of finance in Korea can be helpful. Your 신용 점수 (sin-yong jeom-su – credit score) is extremely important and heavily influences loan eligibility and interest rates. Maintaining a good credit history is vital.
Korea has unique loan types related to housing, such as the 전세자금대출 (jeon-se-ja-geum-dae-chul), a loan specifically for the large deposit required for the ‘Jeonse’ rental system. Understanding these specific products can be beneficial if you plan to live in Korea long-term.
While major banks (은행 – eun-haeng) are common sources for loans, there are also non-banking financial institutions (제2금융권 – je-i-geum-yung-gwon) which might offer loans but often at higher interest rates. Be sure to compare offers carefully.
The Korean government often implements policies and programs offering 정책서민금융 (jeong-chaek-seo-min-geum-yung – policy finance for ordinary people) or specific low-interest loans to support certain demographics like young adults, newlyweds, or small business owners. It’s worth checking eligibility for these government-backed options.
Real Conversation Example
Situation: A customer visits a bank to inquire about low-interest loan options.
Roles: A = Customer (고객 – go-gaek), B = Bank Teller (은행원 – eun-haeng-won)
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Expression: A: 안녕하세요, 저금리대출 상품에 대해 문의하고 싶어서 왔습니다.
Pronunciation: an-nyeong-ha-se-yo, jeo-geum-ni-dae-chul sang-pum-e dae-hae mun-ui-ha-go si-peo-seo wat-seum-ni-da.
Meaning: Hello, I came here because I’d like to inquire about low-interest loan products. -
Expression: B: 네, 어서 오세요. 어떤 종류의 대출을 찾으시나요? 신용대출이신가요, 아니면 주택담보대출이신가요?
Pronunciation: ne, eo-seo o-se-yo. eo-tteon jong-nyu-ui dae-chul-eul cha-jeu-si-na-yo? sin-yong-dae-chul-i-sin-ga-yo, a-ni-myeon ju-taek-dam-bo-dae-chul-i-sin-ga-yo?
Meaning: Yes, welcome. What type of loan are you looking for? Is it a credit loan or a mortgage loan? -
Expression: A: 일반 신용대출을 알아보고 있습니다. 현재 가능한 저금리 상품의 금리가 대략 어느 정도인가요?
Pronunciation: il-ban sin-yong-dae-chul-eul ar-a-bo-go it-seum-ni-da. hyeon-jae ga-neung-han jeo-geum-ni sang-pum-ui geum-ni-ga dae-ryak eo-neu jeong-do-in-ga-yo?
Meaning: I’m looking into a general credit loan. Approximately what is the interest rate for currently available low-interest products? -
Expression: B: 고객님의 신용 점수와 소득에 따라 다르지만, 현재 저희 은행의 우대 금리 적용 시 최저 연 3% 후반부터 시작하는 상품이 있습니다. 정확한 금리는 심사 후에 결정됩니다.
Pronunciation: go-gaek-nim-ui sin-yong jeom-su-wa so-deuk-e tta-ra da-reu-ji-man, hyeon-jae jeo-hui eun-haeng-ui u-dae geum-ni jeo-gyong si choe-jeo yeon sam-peu-ro hu-ban-bu-teo si-jak-ha-neun sang-pum-i it-seum-ni-da. jeong-hwak-han geum-ni-neun sim-sa hu-e gyeol-jeong-doem-ni-da.
Meaning: It depends on your credit score and income, but currently, our bank has products starting from the low-late 3% per annum range when preferential rates are applied. The exact interest rate is determined after the review. -
Expression: A: 알겠습니다. 대출 신청하려면 어떤 서류가 필요한가요?
Pronunciation: al-get-seum-ni-da. dae-chul sin-cheong-ha-ryeo-myeon eo-tteon seo-ryu-ga pil-yo-han-ga-yo?
Meaning: I understand. What documents are needed to apply for the loan? -
Expression: B: 기본적으로 신분증, 재직증명서, 그리고 소득금액증명원이 필요합니다. 필요시 추가 서류를 요청드릴 수도 있습니다.
Pronunciation: gi-bon-jeo-geu-ro sin-bun-jjeung, jae-jik-jeung-myeong-seo, geu-ri-go so-deuk-geu-maek-jeung-myeong-won-i pil-yo-ham-ni-da. pil-yo-si chu-ga seo-ryu-reul yo-cheong-deu-ril su-do it-seum-ni-da.
Meaning: Basically, you need an ID card, proof of employment, and proof of income statement. Additional documents may be requested if necessary.
Practice Tips
Familiarizing yourself with financial terms like 저금리대출 takes practice! Try reviewing the vocabulary list regularly~ You can simulate conversations like the example above or try explaining the different types of loans in Korean to yourself or a language partner. Pay close attention to the pronunciation, especially the syllable breaks. Good luck with your Korean financial vocabulary studies!
