Interest Rate Freeze for Bogeumjari Loans Continues into September
- Date 2016-08-25
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- HF leaves the annual interest rate of 'Akkim e-Bogeumjari Loan' at as low as 2.40% (10-year term)
□ Korea Housing Finance Corporation (HF, CEO Kim Jae-Chun) announced on the 25th that it will keep the interest rate of the Bogeumjari Loans, its long-term, fixed-rate, and amortizing mortgage loan scheme, unchanged for another month.
□ With the extended rate freeze, the annual interest rates of ‘Akkim e-Bogeumjari Loan*’ will remain in the range of 2.40% (10-year term) to 2.65% (30-year term), even going as low as 2.38% when the loan is purchased via Ansim JuMoney, HF's online mortgage application tool. For ‘u-Bogeumjari Loan,’ an HF mortgage loan available online through its webpage, and ‘t-Plus Bogeumjari Loan,’ an HF offline mortgage loan available at commercial banks, an annual rate of 2.50% (10-year term) to 2.75% (30-year term) will be applied.
* Akkim e-Bogeumjari Loan is offered at an interest rate 0.10%-points lower than that of the regular Bogeumjari Loan thanks to its online loan agreement system. This online mortgage loan is available at KEB Hana Bank and Shinhan Bank.
□ An HF official stated, “Bogeumjari Loan users start to pay off the principal from the first monthly payment, paying less in interest each month. They can also enjoy the same rate regardless of their credit score. For those who are planning to take out a mortgage loan, Bogeumjari Loans are worth considering, especially as their rates remain fixed at this low level through their maturity."
□ Korea Housing Finance Corporation (HF, CEO Kim Jae-Chun) announced on the 25th that it will keep the interest rate of the Bogeumjari Loans, its long-term, fixed-rate, and amortizing mortgage loan scheme, unchanged for another month.
□ With the extended rate freeze, the annual interest rates of ‘Akkim e-Bogeumjari Loan*’ will remain in the range of 2.40% (10-year term) to 2.65% (30-year term), even going as low as 2.38% when the loan is purchased via Ansim JuMoney, HF's online mortgage application tool. For ‘u-Bogeumjari Loan,’ an HF mortgage loan available online through its webpage, and ‘t-Plus Bogeumjari Loan,’ an HF offline mortgage loan available at commercial banks, an annual rate of 2.50% (10-year term) to 2.75% (30-year term) will be applied.
* Akkim e-Bogeumjari Loan is offered at an interest rate 0.10%-points lower than that of the regular Bogeumjari Loan thanks to its online loan agreement system. This online mortgage loan is available at KEB Hana Bank and Shinhan Bank.
□ An HF official stated, “Bogeumjari Loan users start to pay off the principal from the first monthly payment, paying less in interest each month. They can also enjoy the same rate regardless of their credit score. For those who are planning to take out a mortgage loan, Bogeumjari Loans are worth considering, especially as their rates remain fixed at this low level through their maturity."