HF Freezes Bogeumjari Loan Rates in the Range of 2.80% to 3.15% This June

Korea Housing Finance Corporation (HF, CEO Kim Jae-Chun) said on the 26th that it will freeze the interest rates of the Bogeumjari Loans, its long-term, fixed-rate, and amortizing mortgage loan scheme for June 2017. 

With the rate freeze, the rates of‘Akkim e-Bogeumjari Loan’ will stay in the range of 2.80% (10-year term) to 3.05% (30-year term), while the rates of‘u-Bogeumjari Loan,’a mortgage loan offered through the HF webpage, and‘t-Plus Bogeumjari Loan,’ an offline mortgage loan available at commercial banks, will remain at 2.90% (10-year term) to 3.15% (30-year term). 

Bogeumjari Loans are offered to couples whose combined annual income is less than KRW 70 million. Socially disadvantaged households whose annual income is less than KRW 60 million, including single-parent and multicultural households and households with disabilities or three or more children, receive an additional 0.4%p rate discount.