NongHyup Bank Lowers Loan Interest Rates by up to 0.6%p Including Mortgage Loans

From the 15th, Mortgage and Jeonse Loan Interest Rates Decrease by 0.2%p
"Aimed at Reducing Borrowers' Interest Burden"

NH Nonghyup Bank has decided to lower interest rates on major loan products such as mortgage loans, jeonse deposit loans, and credit loans by 0.2 to 0.6 percentage points.

According to the financial sector on the 15th, Nonghyup Bank will reduce mortgage loan and jeonse deposit loan interest rates by 0.2 percentage points starting today. Credit loan interest rates will be cut by 0.6 percentage points.

As a result, the variable interest rates for mortgage loans based on the 6-month COFIX and market rates will decrease to 4.02?5.52% and 4.06?5.56% per annum, respectively. Jeonse deposit loans will also be lowered to 3.69?5.39% per annum based on the 6-month market rate. Credit loans have been set at 4.64?5.74% per annum based on the 6-month market rate.

A Nonghyup Bank official explained, “The loan interest rates have been reduced to ease the interest burden on financial consumers.”