HF Cuts Bogeumjari Loan Rates by 0.10%p This June

- Bogeumjari loan rates as low as 2.50% depending on product type and maturity

□ Korea Housing Finance Corporation (HF, CEO Lee Jung-Hwan) announced on May 23, 2019, that it will lower the annual interest rates on Bogeumjari Loan products, its long-term, fixed-rate mortgage loans, by 0.10%p for June 2019. 

□ With the rate cut, the rates of u-Bogeumjari Loan, a mortgage loan offered through the HF homepage, and t-Bogeumjari Loan, an offline mortgage loan available at commercial banks, will remain at 2.60% (10-year term) to 2.85% (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 2.50% (10-year term) to 2.75% (30-year term).

□ 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.

□ In addition, 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

□ An HF officer said, “With lower government bond interest rates and funding costs reflected, our Bogeumjari rates have reached their lowest level. Given this, it is worthwhile to consider a Bogeumjari Loan for those planning to take out a mortgage loan.”