[Asia Economy Reporter Buaeri] K Bank lowered its credit loan interest rates by up to 0.7 percentage points on the 17th.
The minimum interest rate for credit loans dropped from 5.62% per annum to 4.92% per annum, and the minimum interest rate for overdraft accounts decreased from 6.13% per annum to 5.43% per annum.
K Bank's maximum credit loan limit is 300 million KRW, and the overdraft loan limit is 200 million KRW.
K Bank also reduced the interest rates for its fixed-rate and hybrid-rate apartment mortgage loan (Adamdae) products by up to 0.34 percentage points.
The current Adamdae interest rate is around 4.24% per annum. K Bank stated, "With the interest rate reduction, the fixed rate for Adamdae has become the lowest in the industry."
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