This September HF Keeps Its Annual Bogeumjari Loan Rates at 2.80 to 3.15%

Korea Housing Finance Corporation (HF, CEO Kim Jae-Chun) announced on August 25, 2017, that it will freeze the annual interest rates on ‘Bogeumjari Loans,’its long-term, fixed-rate mortgage loans, for September 2017.

With the rate freeze, the rates of‘Akkim e-Bogeumjari Loan,’ which offers a 0.10%-point rate reduction thanks to its online loan agreement system, will stay in the current range of  2.80% (10-year term) to 3.05% (30-year term). At the same time, the rates of ‘u-Bogeumjari Loan,’a mortgage loan offered through the HF webpage, and‘t-Plus Bogeumjari Loan,’an offline mortgage loan available at commercial banks, will remain at 2.90% (10-year term) to 3.15% (30-year term).

Bogeumjari Loans are offered to couples whose combined annual income is KRW 70 million or less. In addition, a 0.4%-point rate discount is offered for socially underprivileged households with an annual income of KRW 60 million or less (including single-parent and multicultural families or families with three or more children or those with disabilities).