HF Freezes Bogeumjari Loan Rate for February 

- Rates as low as 2.25% depending on product type and maturity

Korea Housing Finance Corporation (HF, CEO Lee Jung-Hwan) stated on the 22nd that it will maintain the current annual interest rates on Bogeumjari Loan products, its long-term, fixed-rate mortgage loans, for this February.

The rate freeze will keep the interest 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, at 2.35% (10-year term) to 2.60% (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, will stay in the range of 2.25% (10-year term) to 2.50% (30-year term). 

HF also applies the rates of u-Bogeumjari Loan and t-Bogeumjari Loan to those who switch from non-banking lenders’ floating-rate or bullet-payment mortgage loans to the Deonaeun Bogeumjari Loan scheme. For those who sign up for the scheme online using an online agreement system, the Akkim e-Bogeumjari Loan rates apply. 

A further rate discount is available for socially underprivileged households (including single-parent and multicultural families or families with three or more children or those with disabilities) and newlywed couples.

    ※ Please note that the lowest possible rate is set at 1.2% even in the case that the additional rate discounts bring the rate below 1.2%.