Korea Housing Finance Corporation freezes Bogeumjari loan interest rates in October

(Seoul = Yonhap News) Reporter Lee Do-heun = Korea Housing Finance Corporation announced on the 28th that it will freeze the interest rate on home loans in October.

After raising the interest rate on home loans by 0.30 percentage points (p) last July, the foundry has frozen the interest rate for three months since August.

Accordingly, based on the 'Akim e-Bogeumjari Loan', an interest rate of 4.90% (10 years maturity) ~ 5.20% (50 years) per year is applied.

A preferential interest rate of up to 1.00%p is applied to low-income youth, newlywed households, socially disadvantaged groups (disabled people, single-parent families, etc.), and victims of rental fraud, with a minimum annual interest rate of 3.90 (10 years) to 4.20% (50 years).

Bogeumjari loan is a long-term, fixed-rate, installment-repayable housing mortgage loan.

Previously, the interest rate on home loans was raised five times this year, including 0.25%p in January, 0.15%p in February, 0.30%p in April, 0.25%p in May, and 0.30%p in July.