BNK Gyeongnam Bank Launches 'Mobile-Only Mortgage Loan'

Lowest Interest Rate Level ... Up to 1.62%P Reduction Possible

BNK Gyeongnam Bank has launched the ‘BNK Mobile Mortgage Loan’ and is currently running a special promotion offering preferential interest rates (discounted rates) of up to 1.62%p within a limit of 200 billion KRW.

The BNK Mobile Mortgage Loan is a mobile-exclusive mortgage loan product that allows customers who are purchasing or owning a home to check interest rates and loan limits and execute loans through the BNK Gyeongnam Bank mobile app without visiting the bank.

To commemorate the launch of the BNK Mobile Mortgage Loan, BNK Gyeongnam Bank is holding an event that provides an additional 0.2%p interest rate discount to customers who hold a BNK Gyeongnam Bank deposit account and have registered their joint authentication certificate with Government24 and the National Tax Service. (As of March 23, the lowest interest rate is 3.52% per annum)

The loan is available to salaried workers or sole proprietors who provide their own (including jointly owned with spouse) home as collateral, with a maximum limit of up to 1 billion KRW per case.

The eligible homes are apartments with market prices provided by ‘KB Real Estate’, currently limited to apartments located in Gyeongnam, Ulsan, and Busan, with plans to expand nationwide in the second half of the year.

Repayment methods can be chosen between equal principal installment repayment or equal principal and interest installment repayment, with loan terms ranging from a minimum of 5 years to a maximum of 40 years. (Selectable in 5-year increments)

The BNK Mobile Mortgage Loan allows customers to quickly and accurately check loan limits and interest rates compared to other banks, with the advantage of executing the loan on their desired date and setting the principal and interest payment dates.

To apply, select BNK Mobile Mortgage Loan from the loan menu in the BNK Gyeongnam Bank mobile banking app’s product mall and follow the procedures.

For more details about the BNK Mobile Mortgage Loan, contact any BNK Gyeongnam Bank branch or customer center.

Kim Jin-han, Executive Director of the Digital Finance Headquarters, said, “We launched the BNK Mobile Mortgage Loan to ease the financial burden of local residents and promote housing stability during these difficult economic times. The BNK Mobile Mortgage Loan offers one of the lowest interest rates in the banking sector. BNK Gyeongnam Bank will continue to be a reliable support close to the local community.”

Meanwhile, BNK Gyeongnam Bank will hold a ‘customer event’ starting in April to celebrate the launch and special sale of the BNK Mobile Mortgage Loan.

The first 500 customers who check their pre-loan limit on the BNK Mobile Mortgage Loan will receive a Starbucks coupon worth approximately 20,000 KRW.

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