NH Nonghyup Bank to Suspend New Household Real Estate Secured Loans Until November
[Asia Economy Reporter Dongwoo Lee] NH Nonghyup Bank has decided not to handle new household real estate mortgage loans until the end of November.
According to the financial sector on the 19th, Nonghyup Bank will suspend the handling of new household real estate mortgage loans from the 24th until November 30th. Loans received by the 23rd will be reviewed and executed as usual.
There will be no increase or renewal of existing loans either.
However, emergency living expenses will be treated as exceptions by the review department.
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Earlier, Nonghyup Bank had already exceeded the annual household loan growth rate of 5% recommended by financial authorities in the first half of the year, and had been urged by financial authorities to establish strong household loan management measures.
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