Hana Bank Halts Credit and Real Estate Loans... "Loans for Actual Demand Will Continue"

[Asia Economy Reporter Kiho Sung] Hana Bank has decided to temporarily suspend the sale of unsecured loans and real estate loans starting from the 20th. However, the bank plans to continue offering jeonse deposit loans.

On the 15th, Hana Bank announced that it will suspend the sale of unsecured loans and loans for purchasing real estate such as houses, commercial buildings, officetels, and land, as well as non-face-to-face loans (Hana OneQ unsecured loans, Hana OneQ apartment loans) until the end of this year. Non-face-to-face loans will be suspended from 6 p.m. on the 19th.

This measure is interpreted as an effort to focus on supporting jeonse loans for actual demanders.

A Hana Bank official stated, "We will continue to offer jeonse deposit loans, group balance loans, real estate-secured living stabilization loans, auto loans, and Sae Hope Holssi (New Hope Seed) and other financial products for low-income households to support the actual funding needs of youth and low-income people. Although the plan is to suspend sales until the end of this year, we will monitor the trend of household loan growth and adjust the schedule for resuming sales accordingly."

The day before, the Financial Services Commission and the Financial Supervisory Service held a meeting with the Korea Federation of Banks and the five major commercial banks including NongHyup, Shinhan, Kookmin, Woori, and Hana. They agreed to ensure the smooth supply of jeonse and balance loans and to exempt jeonse loans from total volume regulation. Accordingly, NongHyup, Shinhan, and Woori Banks announced plans to partially ease the limits on jeonse loans.

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