Jugeumgong Freezes Bogumjari Loan Interest Rates... Minimum Annual Rate at 3.65%

Korea Housing Finance Corporation announced on the 27th that it will freeze the interest rates for the long-term, fixed-rate, installment-repayment mortgage loan, Bogeumjari Loan, in March.

The 'Akime-Bogeumjari Loan' applies a standard annual interest rate of 3.65% (10 years) to 3.95% (50 years). Low-income youth, newlywed households, socially disadvantaged groups, and victims of jeonse fraud can receive an additional preferential interest rate of up to 1.0 percentage point.