Kakao Bank to Offer Mortgage Purchase Loans Only to 'Non-Homeowner Households' Starting from the 30th
KakaoBank is limiting the eligibility for home purchase mortgage loans to 'households without a home.'
On the 29th, KakaoBank announced through a notice that starting from the 30th, the eligibility criteria for home purchase mortgage loans will change from the previous 'households with no home, one home, or two homes based on combined household standards' to 'households without a home based on combined household standards.' However, for mortgage loans intended for living stabilization funds, the previous condition of 'households with one home based on combined household standards' will remain unchanged.
Financial authorities recently targeted aggressive mortgage loan marketing by internet-only banks as household loans increased. KakaoBank's mortgage loan balance rose by 4.026 trillion KRW (30.3%) from 13.296 trillion KRW at the end of last year to 17.322 trillion KRW at the end of June.
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In this regard, a KakaoBank official stated, "Our principle is to prioritize supply to genuine demanders to help with home ownership and residential stability."
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