Improved Convenience Expected for Real Home Buyers Using Bogeumjari Loan
Business Agreement Signed with Korea Housing Finance Corporation for "Promotion of Policy Mortgages and Innovation of Financial Services"
▲ Yoon Hoyoung, CEO of Kakao Bank (right), and Kim Kyunghwan, President of Korea Housing Finance Corporation (left), are posing for a commemorative photo at the business agreement signing ceremony held on the 26th of last month at Kakao Bank Pangyo Office in Seongnam, Gyeonggi Province. Provided by Kakao Bank
On July 7, Kakao Bank announced the launch of the "Akkim-e Bogeumjari Loan," a policy finance product for real home buyers handled by Korea Housing Finance Corporation.
The "Bogeumjari Loan" is available to households with a combined annual income of 70 million won or less and for apartments, multiplexes, or multi-family housing priced at 600 million won or less. Income requirements are relaxed for newlywed couples, families with multiple children, and victims of jeonse fraud. The loan-to-value (LTV) ratio is recognized up to a maximum of 70% for apartments, and the debt-to-income (DTI) ratio is recognized up to a maximum of 60%.
The Bogeumjari Loan is a product where, after preliminary screening by Korea Housing Finance Corporation, the customer executes the loan at a designated financial institution. Within approximately four months after the loan is executed, Korea Housing Finance Corporation purchases the loan receivables from the originating financial institution and issues securitized bonds, making this a policy finance product dedicated to securitization.
The Akkim-e Bogeumjari Loan offered by Kakao Bank features electronic processing for both the loan agreement and the registration of the mortgage, resulting in an interest rate that is 0.1 percentage points lower than the u-Bogeumjari Loan.
As of July 2025, the interest rate for the Akkim-e Bogeumjari Loan is 3.65% per annum for a 10-year term. If preferential rates are applied for low-income youth, newlywed households, and socially disadvantaged groups (such as people with disabilities or single-parent families), the minimum rate can be as low as 2.65% per annum.
Kakao Bank has implemented a chatbot-based "conversational" interface for the Akkim-e Bogeumjari Loan, enabling customers to conveniently check approvals, submit documents, sign agreements, and execute loans directly through the mobile app.
By eliminating the need to visit offline branches and providing customers with a variety of options, the convenience for Bogeumjari Loan users is expected to improve.
Customers wishing to use the Akkim-e Bogeumjari Loan through Kakao Bank can select Kakao Bank from the list of financial institutions when applying for the Akkim-e Bogeumjari Loan on the Korea Housing Finance Corporation website or on the Smart Housing Finance mobile application.
Prior to the launch of the Akkim-e Bogeumjari Loan, Kakao Bank signed a business agreement with Korea Housing Finance Corporation at the end of June 2025 to "promote policy mortgages and innovate financial services." Under the agreement, the two companies agreed to strengthen cooperation in the development and promotion of policy mortgage products and financial service innovation.
A Kakao Bank representative stated, "Going forward, we will strive to support housing stability and housing finance for real home buyers and work to enhance consumer convenience through close cooperation with Korea Housing Finance Corporation."
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