KB Kookmin Bank Raises Mortgage Loan Interest Rate by 0.13%p to Control Loan Growth Pace

KB Kookmin Bank is raising mortgage loan interest rates. This is to slow down the pace of household loan growth.

According to KB Kookmin Bank on the 2nd, from the 3rd, the additional interest rate on household real estate secured loans will be increased by 0.13 percentage points.

Accordingly, the variable interest rate based on the new balance CoFIX for mortgage loans will rise from the current 3.65~5.05% to 3.78~5.18%. The hybrid interest rate will change from 3.00~4.40% to 3.13~4.53%.

Meanwhile, the household loan balance of the five major banks (KB Kookmin, Shinhan, Hana, Woori, NH Nonghyup) at the end of last month recorded 708.5723 trillion won. This is an increase of 5.3415 trillion won compared to the previous month (703.2308 trillion won). It is the largest increase in 2 years and 11 months since July 2021 (6.2 trillion won). In particular, the mortgage loan balance increased by 5.8466 trillion won from the previous month to 552.1526 trillion won.