Up to 1.9%P... Woori Bank Reduces Preferential Interest Rates for Credit Loan Refinancing

Woori Bank announced on the 23rd that it will reduce the preferential interest rates for the credit loan refinancing service through the loan transfer system starting from the 25th.

Woori Bank has raised both the upper and lower limits of its 5-year fixed-rate mortgage loan interest rates by 0.11%, while Shinhan Bank plans to increase its mortgage loan interest rates by 0.05% starting from the 15th. The photo shows a Woori Bank branch in Seoul. Photo by Jinhyung Kang aymsdream@

First, for the Woori WON Refinancing Salary Worker Loan product, the preferential interest rate will be reduced by 1.0 percentage point, from a maximum of 2.0 percentage points to a maximum of 1.0 percentage point.

In addition, the preferential interest rates of up to 1.9 percentage points for Woori WON Salary Worker Loan, Woori Special Loan, Woori First Salary Credit Loan, Woori WON Plus Salary Worker Loan, Woori City Refinancing Credit Loan (refinancing), and Excellent Contract Company Employee Loan (PPL) will be abolished.

Woori Bank stated, "There are no changes to new general credit loans other than credit loan refinancing through the loan transfer system."