KakaoBank Lowers Jeonse and Monthly Rent Deposit Loan Interest Rates by 0.2%P
[Asia Economy Reporter Buaeri] KakaoBank announced on the 19th that it will lower the interest rates on jeonse and wolse deposit loan products by 0.2 percentage points.
KakaoBank will reduce the interest rates on general and youth jeonse and wolse deposit loan products by 0.2 percentage points starting from 6 a.m. on the same day.
Accordingly, the minimum interest rate for general jeonse and wolse deposit loans will be lowered to 3.593% per annum, and the minimum interest rate for youth jeonse and wolse deposit loans will be lowered to 3.405% per annum.
The general jeonse and wolse deposit loan is a loan product for customers who are either homeless or own one house jointly with their spouse. It allows loans up to 80% of the jeonse deposit, with a maximum of 222 million KRW.
The youth jeonse and wolse deposit loan is for customers aged 19 to 34 who are wage earners, business income earners, or have no income. It allows loans up to 90% of the jeonse deposit, with a maximum of 100 million KRW.
Hot Picks Today
!["It Has Now Crossed Borders": No Vaccine or Treatment as Bundibugyo Ebola Variant Spreads [Reading Science]](https://cwcontent.asiae.co.kr/asiaresize/93/2026052019230771274_1779272587.jpg)
"It Has Now Crossed Borders": No Vaccine or Treatment as Bundibugyo Ebola Variant Spreads [Reading Science]
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
- "Am I Really in the Top 30%?" and "Worried About My Girlfriend in the Bottom 70%"... Buzz Over High Oil Price Relief Fund
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
KakaoBank added that there are no separate prepayment penalties for any loan products, including jeonse and wolse deposit loans, unsecured loans, and mortgage loans.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
