More financial institutions to offer the u-Bogeumjari Loan

-KHFC signs business agreements with NACF, Citibank, KEB, Standard Chartered Bank,

Jeonbuk Bank, and NFFC

The "u-Bogeumjari Loan" is now available also at NACF, Citibank, KEB, Standard Chartered Bank, Jeonbuk Bank, and NFFC. Previously, the u-Bogeumjari Loan was offered by 11 financial institutions* only, but it is now available at 17 institutions.

* IBK, KB, Shinhan, Woori, Hana, Kyungnam, Kwangju, Daegu, and Busan banks; Samsung Life Insurance; and Hyundai Capital

□ Customer convenience improved by offering the u-Bogeumjari Loan through more institutions

The Korea Housing Finance Corporation (KHFC, CEO Seo Jong-dae) announced on June 11 that it signed business agreements with NACF, NFFC, Citibank, KEB, Standard Chartered, and Jeonbuk Bank at the Korea Federation of Banks located in downtown Seoul to sell the u-Bogeumjari Loan and increase the number of institutions handling it.

NFFC, KEB, and Jeonbuk Bank will begin offering the u-Bogeumjari Loan on June 11; NACF and Standard Chartered Bank will begin on June 25; and Citibank will begin on July 30.

″By making the u-Bogeumjari Loan available at many more financial institutions, borrowers can enjoy the benefits of the loan without changing their main bank,″ said a KHFC official.

The application and consultation for a u-Bogeumjari Loan can be made online. A fixed-rate of 4.2 percent per annum applies to a 10-year maturity product for a borrower with annual income of KRW 50 million or less. Approximately 136,000 people (about KRW 14.5 trillion) have used the loan since it was introduced in June 2010.

Customers who wish to use the "u-Bogeumjari Loan" need to visit the KHFC website (www.hf.go.kr), sign up a membership, and apply for the loan.

□ Trends in Prime Rate II Bogeumjari Loan applications

Since eligibility for the Prime Rate II Bogeumjari Loan was eased on May 23 as a part of government measures announced on May 10 to stimulate the housing market, the number of applications has doubled and the amount in loan applications has tripled.