Korea Housing Finance Corporation Keeps Bogeumjari Loan Interest Rates Unchanged for May

Minimum Annual Interest Rates by Maturity: 2.65% to 2.95% with Preferential Rates Applied

Korea Housing Finance Corporation (President Kim Kyunghwan) announced that it will keep the interest rates for the "Bogeumjari Loan," a long-term, fixed-rate, amortizing mortgage loan, unchanged for May.

Accordingly, the annual interest rates for the "Akkim-e Bogeumjari Loan" will range from 3.65% (10 years) to 3.95% (50 years).

If additional preferential rates (up to 1.0 percentage point) are applied for low-income youth, newlywed households, socially disadvantaged groups (such as persons with disabilities and single-parent families), and victims of rental fraud, the minimum annual interest rates will range from 2.65% (10 years) to 2.95% (50 years).

Provided by Korea Housing Finance Corporation.