The Housing Finance Corporation (HF) announced on the 24th that it would freeze the March interest rate of the special Bogeumjari Loan, a long-term fixed-rate, installment repayment mortgage loan.
The special Bogeumjari Loan is the ‘Safe Conversion Loan’, which allows users to change their variable/mixed interest rate home mortgage loan (main deposit) to a fixed interest rate of at least 3.7% per annum, and the ‘Qualified Loan’, a long-term fixed-rate loan for home buyers. It is a product that integrates with Bogeumjari Loan.
It has the advantage that it can be used for a long period of time with a fixed interest rate lower than that of commercial banks, and can be used for various purposes without significant restrictions on the use of funds.
The company also decided to provide preferential interest rates of 0.1 percentage points to customers who are not familiar with non-face-to-face applications through the Internet, etc., even when applying and receiving face-to-face. In fact, the reason for the goldsmith’s explanation is that there is an interest rate cut effect of 0.1 percentage points.
Accordingly, interest rates of 4.15 to 4.45% (general type) and 4.05 to 4.35% (preferential type) per annum are applied regardless of face-to-face or non-face-to-face (internet electronic contract) from March applicants.
In addition, considering the maximum of 0.8% of other preferential interest rates (socially disadvantaged class, low-income young people, newlyweds, unsold houses, etc.), the preferential interest rate can be up to 3.25 to 3.55% per year.
Even customers who have already applied for a loan can enjoy the benefit of a lower interest rate if the execution time moves forward to March.
An official from the foundry said, “The 5-year government bond interest rate has risen by more than 40bp (1bp = 0.01% point) compared to the beginning of February, so the cost of financing the corporation has risen significantly.” did,” he said.
