Your cookie choices

We use necessary cookies to make this site work. With your permission, analytics cookies help us understand usage and marketing cookies support advertising.

You can reject non-essential cookies and still use the site. Change your choices anytime in Cookie settings.

Cookie settingsCookie policy

Banksalad review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

Banksalad suits borrowers in Korea who want a single place to check personal and secured loan rates before applying. It works as a broker rather than a lender, and its fee profile is among the clearest here: an arrangement fee of free and an origination fee of 0%.

Key facts

Best for
Checking Korean personal and secured loan rates through one registered broker.
APR
3.66% to 19.9%↗
Arrangement fee
0 KRW (no monetary consideration charged to the customer for the loan contract or execution)↗
Credit check
Soft prequal↗
Lender type
Broker↗
Origination fee (%)
0%↗
Loan types
Personal, Secured↗
Legal entity
Banksalad Co., Ltd. ((주)뱅크샐러드)↗
Headquarters
South Korea↗
Founded
2012↗
Support channels
Email, Help-centre↗
Official website
banksalad.com

Personal insurance

Insurance types
Auto, Health↗
Provider type
Comparison site↗

Facts checked September 26, 2026, 3 sources

Apps and profiles

Elsewhere
Wikidatayoutube.com

Pros and cons

Pros

  • Arrangement fee is free, with an origination fee of 0% charged by the service
  • Borrowing rates of 3.66% to 19.9% sit below the retail loss typical of the wider market
  • Credit checking runs as a soft prequalification (soft prequal) before a full application
  • Registered with the Financial Services Commission in Korea as a loan recruitment agency

Cons

  • Support runs on email and help centre only, so there is no phone line or live chat listed
  • Borrowing sits in a single market, with KR the only country covered
  • The site also sells auto and health insurance, so loan comparison shares space with other products

Ready to try Banksalad?

Scored 8.9 / 10 by SumCue.

See alternatives

Who it suits

  • Borrowers in Korea comparing personal and secured loans before applying
  • People who want a fee-free arrangement and a soft prequalification first
  • Households comparing rates across lenders in one place

Who should look elsewhere

  • Anyone wanting to borrow outside Korea, since the service covers KR only
  • Borrowers who need a phone line, as support runs on email and help centre only
  • People comparing secured loans in Spain or the Philippines, where Cashspace and Creduma ES operate instead

How Banksalad compares

Where Banksalad is available

Available
South Korea
Licence in South Korea
Financial Services Commission (금융위원회) - registered loan recruitment agency (대출모집법인) (2021-005), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does it cost to arrange a loan through Banksalad?+

The arrangement fee is free, and the origination fee is 0%, so the service does not charge money for bringing a loan contract together. The rate you pay depends on the lender you are matched with rather than on the broker's own margin.

How much will a loan cost me?+

Borrowing rates run 3.66% to 19.9% for the loans on offer, which is a spread rather than one rate. Compare that spread with a typical rate elsewhere, and remember the final figure depends on the lender you are matched with.

Does checking my rate damage my credit file?+

Credit checking runs as a soft prequalification (soft prequal), so you can see indicative terms without a full credit file search. A full check only follows once you proceed with a specific lender's application.

Is Banksalad a lender or a broker?+

Banksalad is a broker (broker) and a comparison site (comparison site), so it does not lend to you directly. It sits with Banksalad Co., Ltd. ((주)뱅크샐러드) and matches your application to a lender that then issues the loan.

Is Banksalad regulated?+

Banksalad is registered with the Financial Services Commission in Korea as a loan recruitment agency, under registration 2021-005. That registration covers brokering loans, and the lender you end up with handles the loan itself.

What kinds of loan are on offer?+

Two types are listed: personal and secured loans (personal and secured). Personal lending is priced on your credit profile, while secured lending uses an asset as collateral and can therefore carry a lower rate.

Who is Banksalad aimed at?+

The service is built for borrowers in Korea, its home market of KR, and it has been operating since 2012. It suits people comparing several lenders before committing rather than picking one bank in advance.

How do I get help if something goes wrong?+

Support runs through email and help centre, meaning a help centre and email. There is no phone line listed, so questions about a live application are handled in writing.

Sources

  • banksalad.com checked September 26, 2026

    Backs: Provider type, Headquarters, Insurance types, Legal entity, Support channels

    “건강 보험 / 자동차보험 (health insurance, car insurance)”

  • banksalad.com/loan/prequalification/credit checked September 26, 2026

    Backs: APR, Credit check, Lender type, Loan types, Arrangement fee, Origination fee (%), Licences

  • linkedin.com/company/banksalad checked September 26, 2026

    Backs: Founded

    “Founded 2012”

Compiled from 3 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Loan amount, Term, Funding time, Representative example.

Banksalad

Checking Korean personal and secured loan rates through one registered broker.

8.9/10See alternatives