Woori Bank to Raise Mortgage Loan Interest Rates by 0.40%p Again Starting from the 26th

Woori Bank announced on the 22nd that it will raise the interest rates on mortgage loans and jeonse deposit loans by up to 0.40 percentage points and 0.60 percentage points, respectively, starting from the 26th.

According to Woori Bank, for face-to-face apartment mortgage loan products, including refinancing products, the interest rates for new fund procurement cost index (COFIX) 12-month, mixed (fixed) type financial bonds for 3 and 5 years, and variable financial bonds for 5 years will all increase by 0.40 percentage points. Additionally, new COFIX 6-month and new balance COFIX 12-month will increase by 0.30 percentage points, while new balance COFIX 6-month, CD, and variable 6-month products will increase by 0.20 percentage points.

For non-face-to-face products such as Woori WON mortgage loans, the 5-year variable product will increase by 0.40 percentage points, new COFIX 6-month products by 0.30 percentage points, and new balance COFIX 6-month products by 0.20 percentage points. For apartment refinancing products, the 5-year variable type will increase by 0.30 percentage points, new COFIX 6-month by 0.30 percentage points, and new balance COFIX 6-month by 0.20 percentage points.

In the case of jeonse loans, the face-to-face Woori Jeonse Loan will reduce preferential interest rates, including for refinancing. As a result, the loan interest rate for the fixed 2-year product will increase by 0.30 percentage points.

For non-face-to-face products, the rate of increase varies depending on the guarantee institution and product type. Woori WON Jeonse Loans with Korea Housing Finance Corporation (HF), refinancing products, and Woori Smart Jeonse Loan with SGI Seoul Guarantee and refinancing products will all see an increase of 0.40 percentage points for both new COFIX 6-month and 12-month products.

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