Hana Bank Lowers Jeonse Loan Interest Rates by Up to 0.5 Percentage Points

[Image source=Yonhap News]

[Asia Economy Reporter Bu Aeri] Hana Bank has lowered interest rates by up to 0.5 percentage points on some Jeonse loans, mortgage loans, and credit loan products starting from the 1st of this month.

According to Hana Bank on the 3rd, the products subject to the rate reduction include OneQ Housing Credit Guarantee Jeonse Loan, OneQ Newlywed Jeonse Loan, OneQ Multiple Children Jeonse Loan, OneQ Prime Jeonse Loan, Hana OneQ Credit Loan, Hana OneQ Apartment Loan (mixed interest rate), and Hana OneQ Mortgage Loan (mixed interest rate).

For the OneQ Housing Credit Guarantee Jeonse Loan, OneQ Newlywed Jeonse Loan, and OneQ Multiple Children Jeonse Loan, the interest rates are lowered by 0.5 percentage points based on the 6-month financial bond benchmark.

For the OneQ Prime Jeonse Loan, OneQ Mortgage Loan, and OneQ Credit Loan, the rate reductions range from 0.10 percentage points to 0.35 percentage points depending on the product.

A Hana Bank official stated, "We decided to lower interest rates on loan products mainly for actual demand borrowers, such as Jeonse loans, to help alleviate the financial burden on households during the period of rising interest rates."