The process is divided into two main stages:
- [Hanpass App] Check Eligibility: Agree to terms → Enter information → Identity verification (1 KRW account verification) → Check pre-approval results (Limit/Interest rate) → Apply for loan (Redirect to financial institution’s page).
- [Financial Institution] Loan Disbursement: Formal application and document submission → Final review → Loan approval → Loan disbursement (Funds deposited).