NongHyup Bank Also Participates in Dunchon Jugong Final Payment Loan... 200 Billion KRW Limit

Interest Rate at Approximately 4.8% Per Annum

NH Nonghyup Bank has decided to participate in the final payment loan for Olympic Park Foret On (Dunchon Jugong), considered the largest reconstruction project since the era of Dangun, resulting in the participation of all five major domestic commercial banks (KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup).

Nonghyup Bank announced on the 11th that it will participate in the final payment loan for Olympic Park Foret On with a total amount of 200 billion KRW and plans to implement it in line with the move-in schedule. The interest rate is a 5-year cycle fixed-rate product, currently at 4.8% (5-year financial bond + 1.5 percentage points).

KB Kookmin Bank decided to participate in the Dunchon Jugong final payment loan on the 6th. The limit is 300 billion KRW, and the interest rate is 4.8% based on a 5-year cycle. Hana Bank is also participating in the final payment loan with the same limit, and the interest rate is a minimum of 4.641% based on a 5-year fixed (hybrid) rate. Shinhan Bank plans to start handling loans from next year. The limit is about 100 billion KRW, and the interest rate is set at the level of the 5-year financial bond plus 1.5 percentage points. Woori Bank is participating in this year's final payment loan with a limit of 50 billion KRW and is expected to increase the limit next year if necessary.

NH Nonghyup Bank has decided to provide the final payment loan for Olympic Park Foret On (Dunchon Jugong), considered the largest reconstruction project since the era of Dangun, resulting in the participation of all five major domestic commercial banks (KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup). Yonhap News

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