Hana Bank "Full Interest Waiver for One Year on Jeonse Fraud Victims' Loans"

Support Measures Including 500 Billion Won Loan 마련

Hana Bank will provide financial support worth 500 billion KRW, including a full exemption of interest for the first year to households affected by jeonse fraud.

On the 21st, Hana Bank announced that it will implement the 'Hana Win-Win Housing Support Program' to provide emergency financial assistance to households in areas affected by jeonse fraud, such as Michuhol-gu in Incheon, Dongtan and Guri in Gyeonggi Province.

First, through the Jeonse Damage Support Center, financial support totaling 500 billion KRW will be provided with a limit of 200 million KRW per household to those who have received a certificate confirming jeonse damage. For households that have completed auctions or lost their residences, 200 billion KRW in jeonse loan support and 150 billion KRW in purchase loan support will be provided. For households with ongoing auctions or expected damage, 150 billion KRW in auction fund loans will be supported.

At the same time, all interest incurred during the first year after loan execution will be fully exempted. Additionally, all incidental costs incurred during the loan process will be fully supported. This includes exemption of guarantee fees, including return insurance premiums, stamp duties, bond discount fees, and early repayment penalties.

Furthermore, to ensure prompt relief for victims, a loan consultation support team will be formed at the head office, and specialized examiners and housing product managers will be assigned to provide non-financial support as well.

A Hana Bank official stated, "Along with this emergency financial support, we will actively participate in government-led policies and take the lead in practicing win-win finance."

Provided by Hana Bank

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