Annual Jeonse Loan Rates in November Average 2.96%
- Date 2017-12-11
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Annual Jeonse Loan Rates in November Average 2.96%
- Annual rates of HF-guaranteed Jeonse loans offered by commercial banks go down as low as 2.90%
*Excluding loans pooled from the National Housing Fund, such as Beotimmok Jeonse Loan
Among commercial banks that offer Jeonse loans, Woori Bank offers the lowest weighted average rate of 2.90%, followed by KEB Hana Bank (2.91%) and Shinhan Bank (2.94%).
Under the Jeonse Loan Guarantee Program, HF offers the guarantee for individuals set to take out a Jeonse loan at a commercial bank. HF's guarantee is offered for residential units resided in by the loan applicant (including residential studios), and HF-guaranteed Jeonse loans are available at 16 commercial banks.
In addition, HF discounts its guarantee fee for households with three or more children, those with disabilities, or national honorees; newlywed, multicultural, low-income, single-parent, and grandparent-headed households; and households which take out a Jeonse loan online.
HF also discloses the weighted Jeonse loan rates of commercial banks on its webpage (www.hf.go.kr).