Commercial banks raise interest rates on household loans, reduce preferential interest rates

Commercial banks will raise household loan rates again or significantly reduce preferential interest rates.

KB Kookmin Bank said it will raise its mortgage rate by 0.2%p from the 4th of next month to prevent household loans from being concentrated.

The interest rate on jeonse loans increases from 0.15%p to 0.25%p depending on the guarantee agency.

In addition, the interest rate on credit loans is 0.2%p higher for the entire credit rating.

Hana Bank will also reduce the reduction interest rate for each jeonse loan product by up to 0.5%p starting tomorrow (1st).

NH Nonghyup Bank changed its existing non-face-to-face mortgage loan products today (30th) and revised the terms of the loan.

In addition, the preferential interest rate, which is applied when changing existing non-face-to-face mortgage loans, will be reduced by 0.5%p and new loans by 0.3%p.