A 0.2%p Cut to Bogeumjari Loan Rates This September

- Bogeumjari Loan rates as low as 2.00% depending on product type and maturity from next month onwards 

Korea Housing Finance Corporation (HF, CEO Lee Jung-Hwan) stated on August 26, 2019, that it will cut the annual interest rates on Bogeumjari Loan products, its long-term, fixed-rate mortgage loans, by 0.20%p for September.

This rate cut will lower the interest rates of u-Bogeumjari Loan, a mortgage loan offered through the HF homepage (www.hf.go.kr), and t-Bogeumjari Loan, an offline mortgage loan available at commercial banks, to the level of 2.10% (10-year term) to 2.35% (30-year term). At the same time, the rates of Akkim e-Bogeumjari Loan, a cost-saving, online-only Bogeumjari Loan that offers a 0.10%-point rate reduction thanks to its online loan agreement system and other online features, will go down to the range of 2.00% (10-year term) to 2.25% (30-year term).

For those switching to the Deonaeun Bogeumjari Loan scheme from their existing floating-rate, bullet-payment mortgage loans taken out from non-bank lenders, HF offers the u-Bogeumjari or t-Bogeumjari Loan rates. If they sign up for the scheme online using an online agreement system, HF offers the Akkim e-Bogeumjari Loan rates.

In addition, a further rate discount is available for socially underprivileged households (including single-parent and multicultural families or families with three or more children or those with disabilities) and newlywed couples.

 ※ An additional rate discount of up to 0.80%p is available for those with the prime lending rate. In addition, a 0.02%p rate discount coupon is offered for those using Ansim JuMoney, an HF smartphone application. However, the lowest possible rate is set at 1.2% even in the case that the additional rate discounts bring the rate below 1.2%.