HF adjusts Bogeumjari Loan rate for April

- 0.15%p increase for applications from April 1

Korea Housing Finance Corporation (HF, CEO Choi Joon Woo) stated on March 25, 2022, that it was increasing the interest rates on Bogeumjari Loans, its long-term, fixed-rate, amortizing mortgage loans, by 0.15% points for April 2022. 

With the rate increase, the interest rates of u-Bogeumjari Loan, a mortgage loan offered through the HF website (www.hf.go.kr), will stand at 3.65% (10-year term) to 3.95% (40-year term). At the same time, the rates of Akkim e-Bogeumjari Loan, a cost-saving, online-only Bogeumjari Loan with a 0.10%-point rate reduction due to its online loan agreement feature, will be in the range of 3.55% (10-year term) to 3.85% (40-year term).

An HF official said of this rate increase, “We have tried to keep our rate increases minimal despite factors that are driving up our Bogeumjari Loans funding costs, such as rising Korean government bond yields, this year. However, this rate adjustment became unavoidable this month.” 

He went on to say, “It is worth considering a Bogeumjari Loan because it ensures an up to 40-year fixed rate with no burden of paying higher interest over the stable loan repayments.” He also added, “If you file a Bogeumjari Loan application within March, the pre-adjustment rates will be available.”

  【 Bogeumjari Loan Rates by Product Type and Maturity (as of April 1, 2022) 】

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【 Key Facts on Bogeumjari Loans 】