SBI Savings Bank Launches "My Home Regular Installment Savings" ... Up to 8% for Non-Homeowners

Up to 8% Annual Interest Rate
with Base Rate of 4% Plus Preferential Benefits

SBI Savings Bank announced on January 22 that it has launched the "My Home Regular Installment Savings" product to support housing stability for customers without homes, including young people.

To realize inclusive finance, SBI Savings Bank has strengthened its financial consumer protection system, supported financial education, and established a non-face-to-face financial system.

The newly launched My Home Regular Installment Savings is an extension of these efforts, designed to increase social attention and financial support for actual demanders without homes.

The My Home Regular Installment Savings is a product available to individuals aged 19 or older who do not own a home.

It offers a base annual interest rate of 4%, with additional preferential rates for the following: ▲ head of household (0.1 percentage points), ▲ individuals aged 39 or younger (0.9 percentage points), ▲ low-income groups (1.0 percentage point), and ▲ victims of jeonse fraud (2.0 percentage points), providing a maximum annual interest rate of up to 8%.

In particular, the preferential interest rate for deposit products for victims of jeonse fraud is the first support measure of its kind in the financial sector. It offers additional interest benefits to affected customers.