expat_life
Can foreigners get personal loans from Korean banks?
R
Raj Kumar🇬🇧
Jan 18, 2026
Recently, I received an F-4 visa and I need a personal loan for the security deposit on a lease. My main bank is Hana Bank, but I received different answers from two different branches. Are there any people who have tried to get a personal loan through a bank in Korea?
I heard that foreigner loan policies may vary from bank to bank. There are also stories that foreigners can get loans in areas like Gangnam or Hongdae, so I am curious to hear from those who have actually experienced it.
If there are people who have been in a similar situation or have tips that could be helpful when applying for a loan, I would appreciate any advice. As a foreigner, I want to know how difficult it is to get a loan in Korea and what procedures are necessary.
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