Annual Jeonse Loan Rates in September Average 2.92%

- Annual rates of HF-guaranteed Jeonse loans offered by commercial banks go down as low as 2.79%

Korea Housing Finance Corporation (HF, CEO Kim Jae-Chun) revealed on the 13th that last September's weighted average annual interest rate of Jeonse loans offered by commercial banks* under HF's guarantee was 2.92%, a 0.01%p drop from the previous month.
   *Excluding loans pooled from the National Housing Fund, such as Beotimmok Jeonse Loan

Among commercial banks that offer Jeonse loans, Shinhan Bank offers the lowest weighted average rate of 2.79%, followed by Woori Bank (2.84%) and KB Kookmin Bank (2.94%).

Under the Jeonse Loan Guarantee Program, HF offers the guarantee for individuals set to take out a Jeonse loan at a commercial bank. HF's guarantee is offered for residential units resided in by the loan applicant (including residential studios), and HF-guaranteed Jeonse loans are available at 16 commercial banks.

In addition, HF discounts its guarantee fee for households with three or more children, those with disabilities, or national honorees; newlywed, multicultural, or low-income households; and households which take out a Jeonse loan online.

HF also discloses the weighted Jeonse loan rates of commercial banks on its webpage (www.hf.go.kr).