HF Freezes Special Bogeumjari Loan Rate for May

- When applied with preferential rates, the lowest ranges between 3.05% and 3.35% per maturity.

The Korea Housing Finance Corporation(HF, CEO Choi Joon Woo) announced on April 26 that it retains the current annual interest rates for May on the Bogeumjari Loan product, its long-term, fixed-rate, amortized mortgage loans.

ㅇ  Accordingly, the annual interest rate of ‘Akkim-e Bogeumjari Loan’ remains between  4.05 %(10-year maturity) and 4.35%(50-year maturity).

ㅇ In addition, low-income young adults, newlywed households, socially disadvantaged groups(households with the disabled or single parent households, etc.) and victims of Jeonse frauds can benefit from additional rate discount to max. of 1.0 %p and will be applied with the final interest rates between 3.05 %(10-year maturity) and 3.35%(50-year maturity).

HF said, “Despite rising uncertainties in the financing with market rate hikes, it has been decided to freeze the rates for May in order to support housing stability for the low-to-moderate income households and the end-users.”