K Bank to Sell 2,000 Limited Non-Face-to-Face 'Adamdae' Loans from 2 PM on the 12th

Cumulative 100 Billion Won Surpassed in Two Months
Average Interest Rate Reduction Effect of 0.8%p

[Asia Economy Reporter Kim Hyo-jin] K-Bank announced that starting from 2 PM on the 12th, it will sell a limited number of 2,000 units of its non-face-to-face apartment mortgage loan (Adamdae) product on a first-come, first-served basis.

K-Bank sold Adamdae through a lottery system three times since the end of August. K-Bank provided the opportunity to apply for Adamdae to 1,000 existing customers and 1,000 new customers who joined after the 28th of last month.

K-Bank's Adamdae is reported to have recently surpassed a cumulative handling amount of 100 billion KRW. Considering that loan applications were accepted from lottery-selected customers starting August 27, this is an achievement made in about two and a half months.

From the end of August to October, K-Bank achieved about 20% of the 510 billion KRW increase in loan balance through mortgage loans.

Meanwhile, in a survey conducted with about 100 Adamdae execution customers, 44% of respondents cited "non-face-to-face" and 38% cited "simplicity/convenience" as positive factors. This is interpreted to mean that consumer demand for non-face-to-face mortgage loans was very high, in addition to interest rate competitiveness.

According to the survey, the average interest rate of the mortgage loans held by customers who actually switched to Adamdae at K-Bank was 3.03% per annum. It is reported that the average interest rate of Adamdae executions at K-Bank last month was about 2.24% per annum. For Adamdae execution customers, it is possible to analyze that they experienced an average interest rate reduction effect of about 0.8 percentage points per annum.

K-Bank stated that based on this Adamdae customer survey, it plans to improve the Adamdae process and also consider ways to provide benefits to more customers.

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