HF Freezes Bogeumjari Loan Rate This November
- Date 2018-10-25
- Views 6,230
HF Freezes Bogeumjari Loan Rate This November
- Bogeumjari loan rates as low as 3.00% depending on product type and maturity
Korea Housing Finance Corporation (HF, CEO Lee Jung-Hwan) stated on October 25, 2018, that it will freeze the annual interest rates on Bogeumjari Loan products, its long-term, fixed-rate mortgage loans, for November 2018.
With the rate freeze, 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, will remain at 3.10% (10-year term) to 3.35% (30-year term). At the same time, the rates of Akkim e-Bogeumjari Loan, a cost-saving online-only Bogeumjari Loan which offers a 0.10%-point rate reduction thanks to its online loan agreement system and other online features, will stay in the range of 3.00% (10-year term) to 3.25% (30-year term).
For the Deonaeun Bogeumjari Loan scheme which helps those currently using floating-rate, bullet-payment mortgage loans offered by non-bank lenders to switch to HF's long-term, fixed-rate, amortized mortgage loans, the same Bogeumjari Loan rates apply. For those who sign up for the scheme online using the online agreement system, the Akkim e-Bogeumjari Loan rates apply.
In addition, 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.
※ 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