Woori Bank Launches 100% Non-Face-to-Face Mortgage Loan 'Woori Won Housing Loan'

Use Mobile for Everything from Mortgage Loans to Debt Consolidation
Check Interest Rates and Limits Within 3 Minutes

[Asia Economy Reporter Kim Jin-ho] Woori Bank, a subsidiary of Woori Financial Group, announced on the 4th that it has launched the Woori WON Housing Loan, a dedicated product available entirely via mobile from application to execution without visiting a branch.

The ‘Woori WON Housing Loan’ is the first in the financial sector to allow mobile application and execution regardless of the purpose of funds, including ▲home purchase ▲refinancing ▲living stabilization. For home purchase funds, the maximum limit is 500 million KRW, and the interest rate is as low as 2.74% per annum (as of July 2).

In particular, even in the case of joint ownership by a married couple, the loan can be conveniently used without the hassle of the collateral provider visiting a branch through electronic registration. The consent procedure for household members to verify the number of owned houses has also been expanded to include minors.

Additionally, unlike existing loan products where customers had to select products based on the type of housing such as apartments, row houses, or multi-family houses, the housing type is automatically classified, allowing application with a single product, ‘Woori WON Housing Loan.’ By entering income and housing market price, loan interest rates and limits can be confirmed within ‘3 minutes,’ and the interest rate discount conditions have been simplified to five.

A Woori Bank official stated, “We have launched a fully non-face-to-face mortgage loan product that allows the entire process from application to execution via mobile,” and added, “We will continue to expand non-face-to-face loan targets to provide financial services at the same level as branches.”

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