HF Lowers Bogeumjari Loan Rates by 0.05%p This March
- Date 2019-02-22
- Views 17,213
HF Lowers Bogeumjari Loan Rates by 0.05%p This March
- Bogeumjari loan rates as low as 2.80% depending on product type and maturity
Korea Housing Finance Corporation (HF, CEO Lee Jung-Hwan) stated on February 22, 2019, that it will lower the annual interest rates on Bogeumjari Loan products, its long-term, fixed-rate mortgage loans, by 0.05%p for March 2019.
With the rate cut, the 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, will remain at 2.90% (10-year term) to 3.15% (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 stay in the range of 2.80% (10-year term) to 3.05% (30-year term).
HF offers a further rate discount 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 available for those with the prime lending rate and a 0.02%p rate discount coupon offered for those using Ansim JuMoney, an HF smartphone application
In addition, HF offers the u-Bogeumjari or t-Bogeumjari Loan rates for those switching to the Deonaeun Bogeumjari Loan scheme from their existing floating-rate, bullet-payment mortgage loans taken out from non-bank lenders. It also offers the Akkim e-Bogeumjari Loan rates for those signing up for the scheme online using an online agreement system.
An HF official said, “We’ve decided to cut this March’s Bogeumjari rates because our funding costs have dropped.”