If You Repay Didimdol Loan Early in the First Half of This Year, 70% Fee Reduction Applies

Early Repayment Customers Eligible from Next Month Until June 30

[Asia Economy Reporter Minwoo Lee] Customers using the 'Naejipmaren Didimdol Loan' who repay their loans early by the first half of this year will receive a 70% reduction in early repayment fees.

The Korea Housing Finance Corporation announced on the 28th that it has decided to reduce fees for Naejipmaren Didimdol Loan customers who repay their loans early between next month 1st and June 30th.

The target customers are those who repay their loans early within three years from the loan execution date. If repaid early by June 30th, they only need to pay 30% of the existing early repayment fee.

For example, a customer who repays the loan one year after executing the Naejipmaren Didimdol Loan was previously subject to a 0.8% fee rate. However, during the period from February 1st to June 30th, this fee rate will be reduced to 0.24%.

A representative of the Korea Housing Finance Corporation explained, "We decided to provide this benefit to encourage early repayment among Naejipmaren Didimdol Loan customers who have the capacity to repay, and to utilize the repaid funds as resources for the Naejipmaren Didimdol Loan to focus more on supporting low-income and actual demand groups."