Bogeumjari Loan Rate Freeze This October

- Bogeumjari Loan rates as low as 2.00% depending on product type and maturity

Korea Housing Finance Corporation (HF, CEO Lee Jung-Hwan) said on September 24, 2019, that it will freeze the annual interest rates on Bogeumjari Loan products, its long-term, fixed-rate mortgage loans, for October. 

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 2.10% (10-year term) to 2.35% (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 2.00% (10-year term) to 2.25% (30-year term).

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

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. 

  ※ 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%. 

The rates of the Low-Income Ansim Switch Loan are fixed in the range of 1.85% to 2.20% for loans taken out during the application period regardless of upward or downward movements in the Bogeumjari Loan rates.