NongHyup Bank to Lower Household Loan Interest Rates Starting the Day After Tomorrow

Non-face-to-face Mortgage Installment Products
Interest Rates Reduced by Up to 0.6 Percentage Points

NH Nonghyup Bank announced on the 10th that it will lower interest rates on household loans, including mortgage loans and jeonse deposit loans, starting from the 12th.

The interest rate on non-face-to-face mortgage installment products will be reduced by up to 0.6 percentage points. This applies to both new loans and refinancing. Face-to-face jeonse loans will be reduced by up to 0.2 percentage points, non-face-to-face new jeonse loans by up to 0.5 percentage points, and non-face-to-face refinancing jeonse loans by up to 0.3 percentage points.

An official from Nonghyup Bank explained the reason for the reduction, saying, "It is to ease the burden on customers with housing-related loans and to support real demand borrowers."