HF Freezes Bogeumjari Loan Rate for August

- Rates down to 2.60%, depending on product type and maturity.

Korea Housing Finance Corporation(HF, CEO Choi Joon Woo) stated on August 23 that it retains the current annual interest rates for August on Bogeumjari Loan product, its long-term, fixed-rate and amortized mortgage loans.

The rate freeze will keep the interest rates of u-Bogeumjari Loan, which is offered through HF website(www.hf.go.kr), and t-Bogeumjari Loan, an offline mortgage loan available at commercial banks, at 2.70%(10-year maturity) to 3.00%(40-year maturity)

In addition, the rates of Akkim e-Bogeumjari Loan, a cost-saving, online-only Bogeumjari Loan that offers 0.10 percent point discount thanks to its online loan agreement system, will stay in the range of 2.60%(10-year maturity) to 2.90%(40-year maturity).

HF applies the rates of u-Bogeumjari Loan and t-Bogeumjari Loan to those who switch from floating-rate or bullet payment mortgages loans of non-banking lenders to the Deonaeun Bogeumjari Loan scheme. For those who sign up for the scheme using an online agreement system, the Akkim-e Bogeumjari Loan rates apply.