2406 cases received and handled 238.6 billion won
Diversification of application demand by applying a day system, etc.
About 2,406 cases were received on the first day of the launch of the preferential safe conversion loan, which converts variable and mixed interest rate mortgages received from the first and second financial institutions into long-term, fixed-rate policy mortgages of the Korea Housing Finance Corporation (Joogeonggong, HF). The transaction amount is regarding 238.6 billion won.
According to the Korea Housing Finance Corporation on the 16th, 1,176 cases (114.7 billion won) were received through the Korea Housing Finance Corporation website and app the day before the launch of the preferential safe conversion loan. There were 1,230 applications (123.9 billion won) in the six major banking apps and sales windows, including Kookmin, Shinhan, Nonghyup, Woori, Hana, and IBK.
It was expected that the soaring loan interest rate would drive demand from ordinary people to reduce the interest burden, but there was no major disruption. The application period is different for each housing price, and the application demand is dispersed due to the application of the day system according to the last digit of the birth year. The fact that banks receiving applications increased their support staff and strengthened non-face-to-face subscription channels to prepare thoroughly was also helpful.
You can apply for the safe conversion loan if you have a single house with a combined annual income of 70 million won or less. However, the housing price must be less than 400 million won, and it applies to borrowers who have received loans with variable or semi-fixed interest rates from the 1st or 2nd financial sector before August 17, when the advance notice is given.
Borrowers who are receiving home mortgage loans with a maturity of 5 years or longer and fixed interest rates until maturity and borrowers using policy mortgages such as Bogeumjari loans and eligible loans are excluded. The interest rate is 3.8~4% per annum depending on the maturity (10~30 years), and for low-income young people with an income of 60 million won or less, the interest rate is 3.7~3.9% per annum.
The application period varies depending on the housing price. Homeowners with a market price of 300 million won or less can apply for the first round, from the 15th to the 28th of this month, and for up to 400 million won, the second round from the 6th to the 13th of next month.
A five-part system that matches the last digit of the year of birth in the resident registration is in progress. On the first day of application, those with the last digit of the year of birth are 4 or 9, and on the 16th, those with 5 or 0. It’s easy to understand if you think of Monday as starting from 1 and 6. This also applies to the second application, and you can check the detailed five-subject date through the safe conversion loan information site.
For example, on the 15th, only those with the last digits of the birth year ‘4’ and ‘9’ might apply. However, on September 29 and 30, the day system does not apply and applications are accepted.
Reporter Chae Seon-hee, Hankyung.com csun00@hankyung.com
