[Exclusive] KB Kookmin Bank Also Revives Preferential Loan Interest Rates... Up to 0.3%P Increase

Second after Woori Bank
Effective from loans on the 3rd of next month

[Asia Economy Reporter Kim Jin-ho] Following Woori Bank, KB Kookmin Bank is also reviving the preferential loan interest rates that were abolished earlier this year. Since the annual loan volume target is 'reset' as of January 1, it is analyzed that the bank is taking proactive measures to attract customers.

According to the financial sector on the 29th, KB Kookmin Bank will raise the preferential interest rates for household jeonse deposit loans and real estate mortgage loans by up to 0.2 to 0.3 percentage points starting from the 3rd of next month. Increasing the preferential interest rate effectively lowers the loan interest rate.

The representative preferential interest rate for jeonse deposit loans will be expanded from the existing 0.7 percentage points to 0.9 percentage points. This applies to KB Housing Jeonse Deposit Loans, KB Jeonse Security Loans, and KB Plus Jeonse Deposit Loans. Notably, the preferential categories have increased from the previous three (credit card usage, salary (pension) transfer, Star Banking performance) to five. An additional 0.1 percentage point preferential interest rate is provided each for automatic transfer performance and installment savings performance.

The preferential interest rate for mortgage loans will increase by up to 0.3 percentage points. For KB Housing Mortgage Loans (variable), the preferential rate will be adjusted from none to 0.3 percentage points. Up to 0.3 percentage points are provided in total, with 0.1 percentage points each for non-grace long-term installment loans, KB Star Club customers, excellent credit rating customers, apartments, and KB market price application preferential categories.

A KB Kookmin Bank official explained, "We have decided to temporarily expand the preferential interest rate margin that was reduced for the highly demanded jeonse deposit loans and mortgage loan products for customers."

Prior to KB Kookmin Bank, Woori Bank on the 23rd became the first in the banking sector to raise the preferential interest rates for unsecured loans and mortgage loan products by up to 0.6 percentage points compared to before. The representative unsecured loan product, Workplace Loan (including non-face-to-face), will have a maximum preferential interest rate margin increased to 0.9%. The maximum discount rate for ancillary transactions is also restored from none to 0.4 percentage points for Woori WON Housing Loans.

Meanwhile, following Woori Bank and KB Kookmin Bank, other commercial banks such as Hana Bank and Shinhan Bank are reportedly continuing to deliberate on the revival of preferential interest rates.

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