April Special BoGeumjari Loan Interest Rate Frozen... Starting from 4.05% per Year

Face-to-face Application and Reception Banks Expanded to include IBK (Industrial Bank of Korea)

The Korea Housing Finance Corporation (HF) announced on the 30th that it will freeze the April interest rates for the 'Special Bo-gum-ja-ri Loan,' a long-term, fixed-rate, installment-repayment mortgage loan.

With this rate freeze, the preferential Special Bo-gum-ja-ri Loan will have interest rates ranging from 4.05% per annum (10 years) to 4.35% (50 years), while the general Special Bo-gum-ja-ri Loan will have rates from 4.15% (10 years) to 4.45% (50 years).

An HF official stated, "Although market interest rates have recently shown a downward trend, due to significant uncertainties in the future direction of the funding market caused by domestic and international environments such as the U.S. financial market, we have decided to freeze the April interest rates."

Meanwhile, HF has expanded face-to-face application and reception banks to SC First Bank and Industrial Bank of Korea for customers who are not familiar with non-face-to-face applications. They plan to further expand to NongHyup Bank, Woori Bank, and Hana Bank by May.