NH Nonghyup Bank Temporarily Suspends In-Person Refinancing of Jeonse Loans

NH Nonghyup Bank announced on May 29 that it will temporarily suspend in-person refinancing of jeonse (long-term rental deposit) loans starting from June 2. A bank representative explained that this measure is intended to stably manage the total volume of household loans.

Meanwhile, beginning on May 29, Nonghyup Bank will suspend applications for mortgage loans through loan brokers, but only for loans to be executed in June. Applications for loans to be executed from July onward, as well as group loans, will continue to be accepted.