IBK Industrial Bank launches 10-year cycle mortgage loan

IBK Industrial Bank announced on the 20th that it will launch a ‘10-Year Cycle Mortgage Loan,’ where the interest rate changes every 10 years and remains fixed within each 10-year period, starting on the 23rd.

The ‘10-Year Cycle Mortgage Loan’ will be offered as an in-person product called IBK Mortgage Loan and a non-face-to-face product called i-ONE Mortgage Loan. Detailed information about the product can be found at IBK branch offices or on the IBK website.

An IBK representative explained, “This product was launched to expand customers’ interest rate options and minimize interest rate fluctuation risks.”