NH Nonghyup Bank to Raise Mortgage Loan Interest Rates by 0.2%P Starting from the 24th

NH Nonghyup Bank announced on the 22nd that it will raise the additional interest rates for face-to-face mortgage loans of the periodic and mixed types by 0.2 percentage points each from the 24th, compared to the current rates. This comes about a month after it increased the preferential mortgage loan interest rate by 0.2 percentage points on the 27th of last month.

As a result, all five major banks (KB Kookmin, Shinhan, Hana, Woori, and Nonghyup) have raised their mortgage loan additional interest rates this month. Commercial banks are sequentially raising loan interest rates in response to the financial authorities' request to control the pace of household loan growth.

Household loans at the five major banks increased by 5.3415 trillion won last month. This is the largest increase in 2 years and 11 months since July 2021 (6.2 trillion won).

[Image source=Yonhap News]

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