Special BoGeumjari Loan Valid Application Amount of 41.7 Trillion KRW as of the End of October

Korea Housing Finance Corporation (HF) announced on the 3rd that as of October 31, the total valid application amount for the Special BoGeumJaRi Loan reached 41.7 trillion KRW.

By fund usage, repayment of existing loans accounted for 28.5%, purchase of new homes accounted for 64.8%, and return of rental deposits accounted for 6.7%.

An HF Corporation official stated, "After application restrictions such as the general type for housing prices exceeding 600 million KRW or income exceeding 100 million KRW, the demand for the Special BoGeumJaRi Loan has stabilized," adding, "The preferential type for low-income and actual demand households will continue to be supplied without disruption until January next year."

Previously, Korea Housing Finance Corporation launched the Special BoGeumJaRi Loan as a one-year temporary program at the end of January. The initial target of 39.6 trillion KRW was already surpassed in September.

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