u-Bogeumjari Loan now available at more institutions

Applications can be made at Kyobo Life, Lotte Life, and Hyundai Life starting July 9th

Korea Housing Finance Corporation (HF) announced on July 8th that the “u-Bogeumjari Loan”*, its key long-term fixed-rate mortgage product, will be available at Kyobo Life Insurance, Lotte Insurance, and Hyundai Life Insurance starting on the 9th.

  * The u-Bogeumjari Loan is a fixed-rate instrument with a maturity of 10-30 years. Loan applications and consultations can be made online; the interest rate stands at an annual 3.80-4.05% as of July 2014.

This has increased the number of institutions offering the u-Bogeumjari Loan from 39 to 42; with six insurers including the three new ones on the list, applying for the loan has become more convenient than ever before.

“The u-Bogeumjari Loan became available at savings banks last month, and now three more insurers have been added to the list, bringing greater convenience to those wishing to tap into the long-term fixed-rate mortgage loan,” added one HF official.

Applications for the u-Bogeumjari Loan can be made on HF’s official website (http://www.hf.go.kr).