KakaoBank's daily limit for new home mortgage loan applications was exhausted immediately after resuming new applications.
According to KakaoBank on November 19, new home mortgage loan applications for the day closed after reaching the daily lending limit. Applications for home mortgage loans intended for living stabilization funds are still being accepted. However, since the daily limit has been reached, applications will be available again tomorrow morning.
KakaoBank normalized new home mortgage loan applications the previous afternoon. The bank had temporarily suspended these loans after the real estate measures announced on October 15, citing the need to update its IT systems.
With the resumption of new home mortgage loan applications, KakaoBank raised its additional interest rate by 0.2 percentage points. The bank's six-month adjustable-rate mortgage (based on the new COFIX) now ranges from 3.901% to 5.612%. The five-year fixed-rate mortgage ranges from 4.022% to 5.46%.
Commercial banks have begun tightening household loans in line with financial authorities' policies, resulting in a full-fledged year-end lending freeze. They are suspending new loans through brokers and restricting enrollment in mortgage insurance (MCI and MCG), thereby reducing lending limits.
A KakaoBank official explained, "We are making multifaceted efforts to faithfully adhere to our annual household loan management plan in line with the household loan control policy."
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