Woori Bank and Korea Housing Finance Corporation's 'Bogeumjari Loan' Goes Non-Face-to-Face

First in the Banking Sector to Implement Fully Non-Face-to-Face Process

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 Kang Jin-hyung aymsdream@

Woori Bank announced on the 23rd that it will be the first in the banking sector to implement the application process for the Korea Housing Finance Corporation's 'Akime e-Bogeumjari Loan' entirely non-face-to-face without visiting branches.

The Akime e-Bogeumjari Loan is the representative mortgage loan product of the Korea Housing Finance Corporation (HF). It can be applied for through the Korea Housing Finance Corporation's website and can be used for purchasing a house, returning jeonse deposit funds, or repaying existing loans.

Previously, once the Korea Housing Finance Corporation's review was completed (loan approval), customers had to visit the bank to submit required documents and proceed with loan agreements and registration tasks for mortgage rights.

With this service improvement, users can submit documents, complete loan agreements, and perform registration signing tasks non-face-to-face through the 'Woori WON Banking' application (app). Joint applications with a spouse are also possible.

However, if the registration certificate (deed) is lost or if electronic registration is not possible due to conditions such as subordinate collateral, some tasks must still be conducted face-to-face.