K Bank, 26,000 People Flocked to 'Adamdae Early Bird' 2nd Reservation

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[Asia Economy Reporter Kim Hyo-jin] K-Bank announced that it will start the second early bird reservation event for non-face-to-face apartment mortgage loans with a minimum interest rate in the 1% range per annum on the 7th.

Applications will be accepted until the 13th. Approximately 2,000 people will be selected, about twice the number from the first round last month.

Selected customers will be notified of their winning status via text message and app push notifications on the 14th. Afterwards, individual loan application links will be sent.

In the first round of applications, 1,000 people were selected, but about 26,000 people applied within a week. Among the customers who won the event and responded to individual contact, about 40% have either received apartment mortgage loans or are in the process of applying for loans.

The average interest rate for customers whose rates were finalized after entering loan and income information was about 2.2% per annum. The lowest interest rate among customers who executed loans was 1.63% per annum. The average loan amount executed for refinancing loans, which constitute the majority, was about 160 million KRW.

K-Bank’s apartment mortgage loans are offered with a minimum interest rate in the 1.6% per annum range. These non-face-to-face loans can be obtained using only a smartphone app without visiting a bank.

New loans can be received up to 100 million KRW for living expenses, but mainly refinancing loans are provided for customers who already have existing apartment mortgage loans and want to switch. In this case, the limit is up to 500 million KRW.

This content was produced with the assistance of AI translation services.