Bogeumjari Loan Rates Frozen in August
- Date 2016-07-25
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- Akkim e-Bogeumjari Loan rates cut to as low as 2.40% per year
- An additional rate discount of up to 0.30%p offered for those taking out 'Bogeumjari Loans convertible to JTYK
Loans'
□ Korea Housing Finance Corporation (HF, CEO Kim Jae-Chun) announced on the 25th that it will keep the
interest rate of the Bogeumjari Loans, its long-term, fixed-rate, and amortizing mortgage loan scheme, at its
current level in August 2016.
□ With the rate freeze, the rates ofAkkim e-Bogeumjari Loan*’ will remain in the range of 2.40% (10-year term)
to 2.65% (30-year term), even going as low as 2.38% when the loan is purchased through Ansim JuMoney,
HF's online mortgage application tool. 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 2.50% (10-year term) to 2.75% (30-year term).
* Akkim e-Bogeumjari Loan is offered at an interest rate 0.10%-points lower than that of the regular Bogeumjari
Loan thanks to its unique online loan agreement system. This online mortgage loan is available at KEB Hana
Bank and Shinhan Bank.
□ At the same time, those in their 40s and 50s who take out a Bogeumjari Loan convertible to
JooTaekYeonKeum (JTYK) Loan' can get an additional rate discount of up to 0.3%p*. The rate discount amount
will be paid when they convert the home loan to a JTYK reverse mortgage loan.
* There is an additional 0.30%p rate cut offered for new Bogeumjari Loan customers who switch from their
previous bullet or floating-rate mortgage loan (taken out before December 31, 2015), and an additional 0.15%p
rate cut offered for Bogeumjari Loan users who agree to convert the loan into a JTYK loan.
□ An HF official stated, “Without a key rate change, the interest rate of Bogeumjari Loans is staying at its record-
low level, lower than that of home loans offered by commercial banks. Considering that Bogeumjari Loan
users enjoy the same rate regardless of their credit score, those who are planning to purchase their first home
or who already have a mortgage with a higher rate should consider our up to 30-year Bogeumjari mortgage
loans.”
- An additional rate discount of up to 0.30%p offered for those taking out 'Bogeumjari Loans convertible to JTYK
Loans'
□ Korea Housing Finance Corporation (HF, CEO Kim Jae-Chun) announced on the 25th that it will keep the
interest rate of the Bogeumjari Loans, its long-term, fixed-rate, and amortizing mortgage loan scheme, at its
current level in August 2016.
□ With the rate freeze, the rates ofAkkim e-Bogeumjari Loan*’ will remain in the range of 2.40% (10-year term)
to 2.65% (30-year term), even going as low as 2.38% when the loan is purchased through Ansim JuMoney,
HF's online mortgage application tool. 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 2.50% (10-year term) to 2.75% (30-year term).
* Akkim e-Bogeumjari Loan is offered at an interest rate 0.10%-points lower than that of the regular Bogeumjari
Loan thanks to its unique online loan agreement system. This online mortgage loan is available at KEB Hana
Bank and Shinhan Bank.
□ At the same time, those in their 40s and 50s who take out a Bogeumjari Loan convertible to
JooTaekYeonKeum (JTYK) Loan' can get an additional rate discount of up to 0.3%p*. The rate discount amount
will be paid when they convert the home loan to a JTYK reverse mortgage loan.
* There is an additional 0.30%p rate cut offered for new Bogeumjari Loan customers who switch from their
previous bullet or floating-rate mortgage loan (taken out before December 31, 2015), and an additional 0.15%p
rate cut offered for Bogeumjari Loan users who agree to convert the loan into a JTYK loan.
□ An HF official stated, “Without a key rate change, the interest rate of Bogeumjari Loans is staying at its record-
low level, lower than that of home loans offered by commercial banks. Considering that Bogeumjari Loan
users enjoy the same rate regardless of their credit score, those who are planning to purchase their first home
or who already have a mortgage with a higher rate should consider our up to 30-year Bogeumjari mortgage
loans.”