KB Kookmin Bank to Cut Jeonse Loan Interest Rates by up to 0.75%P

[Asia Economy Reporter Bu Aeri] KB Kookmin Bank announced on the 27th that it will lower the interest rates on jeonse deposit loans by up to 0.75 percentage points.

The products subject to the interest rate reduction are KB Housing Jeonse Deposit Loan, KB Jeonse Deposit Safety Loan, and KB Plus Jeonse Deposit Loan. In the case of KB Jeonse Deposit Safety Loan, the interest rate will be lowered by up to 0.75 percentage points based on the new COFIX.

Preferential interest rates for financially vulnerable groups will also be extended. In July, KB Kookmin Bank expanded the preferential interest rate to 0.3 percentage points for basic livelihood security recipients, low-income groups aged 65 and over, and customers with disabilities. KB Kookmin Bank had planned to operate this preferential interest rate system until the end of this year, but decided to extend it considering the prolonged period of rising interest rates, which has increased difficulties for financially vulnerable groups.

A KB Kookmin Bank official said, "We decided to lower the interest rates on jeonse deposit loans and extend preferential interest rates for vulnerable groups to help reduce the interest burden on financial consumers during the period of rising interest rates and stabilize the economy for ordinary people."

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