HF Freezes Bogeumjari Loan Rate This July

- Bogeumjari loan rates as low as 3.40% depending on product type and maturity

Korea Housing Finance Corporation (HF, CEO Lee Jung-Hwan) said on June 25, 2018, that it will freeze the annual interest rates on 'Bogeumjari Loan' products, its long-term, fixed-rate mortgage loans, for July 2018.

With the rate freeze, the rates of 'u-Bogeumjari Loan', a mortgage loan offered through the HF homepage, and ‘t-Bogeumjari Loan,’an offline mortgage loan available at commercial banks, will remain at 3.50% (10-year term) to 3.75% (30-year term). At the same time, the rates of ‘Akkim e-Bogeumjari Loan,’which offers a 0.10%-point rate reduction thanks to its online loan agreement system, will stay in the current range of 3.40% (10-year term) to 3.65% (30-year term).

In addition, a 0.2%-point rate discount is available for newly-wed couples whose annual income is KRW 70 million or less and a 0.4%-point rate discount is offered to socially underprivileged households (including single-parent and multicultural families or families with three or more children or those with disabilities) with an annual income of KRW 60 million or less. (up to 0.80%-point rate discount available when the applicant meets two or more criteria of eligibility).