Interest Rate Freeze for Bogeumjari Loans Continues into June
- Date 2016-05-26
- Views 616
- HF leaves the annual interest rate of ‘Akkim e-Bogeumjari Loan’ at 2.60% (10-year term)
- An additional rate discount of up to 0.30%p offered for those taking out ‘Bogeumjari Loans convertible to
JooTaekYeonKeum Loans’
□ Korea Housing Finance Corporation (HF, CEO Kim Jae-Chun) announced on the 26th 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 at the
level of 2.60% (10-year term) to 2.85% (30-year term), and will even go as low as 2.58% when the loan is
purchased via Ansim JuMoney, HF's online mortgage application tool. For ‘u-Bogeumjari Loan,’ an HF
mortgage loan available online at its webpage, and ’t-Plus Bogeumjari Loan,’ an HF offline mortgage loan
available at commercial banks, an annual rate of 2.70% (10-year term) to 2.95% (30-year term) will be
applied.
* Akkim e-Bogeumjari Loan, an HF mortgage 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.
□ At the same time, those in their 40s and 50s who take out a ‘Bogeumjari Loan convertible to
JooTaekYeonKeum Loan’ can get an additional 0.3%p promotional rate cut. The rate discount amount will be
paid when they convert the home loan to a JTYK reverse mortgage loan.
* There is an additional 0.30%p rate cut offered for new Bogeumjari Loan customers who switch from their
previous bullet or floating-rate mortgage loan (taken out before December 31, 2015), and an additional
0.15%p rate cut offered for Bogeumjari Loan users who agree to convert the loan into a YTYK loan.
□ An HF official stated, “The interest rate of Bogeumjari Loans is staying at its record-low level, lower than that
of home loans offered by commercial banks. Considering that Bogeumjari Loan users enjoy the same rate
regardless of their credit score and can deduct the loan interest on their taxes, those who are planning to
purchase their first home or who already have a mortgage with a higher rate should consider our up to 30-
year Bogeumjari mortgage loans.”
- An additional rate discount of up to 0.30%p offered for those taking out ‘Bogeumjari Loans convertible to
JooTaekYeonKeum Loans’
□ Korea Housing Finance Corporation (HF, CEO Kim Jae-Chun) announced on the 26th 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 at the
level of 2.60% (10-year term) to 2.85% (30-year term), and will even go as low as 2.58% when the loan is
purchased via Ansim JuMoney, HF's online mortgage application tool. For ‘u-Bogeumjari Loan,’ an HF
mortgage loan available online at its webpage, and ’t-Plus Bogeumjari Loan,’ an HF offline mortgage loan
available at commercial banks, an annual rate of 2.70% (10-year term) to 2.95% (30-year term) will be
applied.
* Akkim e-Bogeumjari Loan, an HF mortgage 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.
□ At the same time, those in their 40s and 50s who take out a ‘Bogeumjari Loan convertible to
JooTaekYeonKeum Loan’ can get an additional 0.3%p promotional rate cut. The rate discount amount will be
paid when they convert the home loan to a JTYK reverse mortgage loan.
* There is an additional 0.30%p rate cut offered for new Bogeumjari Loan customers who switch from their
previous bullet or floating-rate mortgage loan (taken out before December 31, 2015), and an additional
0.15%p rate cut offered for Bogeumjari Loan users who agree to convert the loan into a YTYK loan.
□ An HF official stated, “The interest rate of Bogeumjari Loans is staying at its record-low level, lower than that
of home loans offered by commercial banks. Considering that Bogeumjari Loan users enjoy the same rate
regardless of their credit score and can deduct the loan interest on their taxes, those who are planning to
purchase their first home or who already have a mortgage with a higher rate should consider our up to 30-
year Bogeumjari mortgage loans.”