IBK Industrial Bank launches 10-year cycle mortgage loan
IBK Industrial Bank announced on the 20th that it will launch a ‘10-Year Cycle Mortgage Loan,’ where the interest rate changes every 10 years and remains fixed within each 10-year period, starting on the 23rd.
The ‘10-Year Cycle Mortgage Loan’ will be offered as an in-person product called IBK Mortgage Loan and a non-face-to-face product called i-ONE Mortgage Loan. Detailed information about the product can be found at IBK branch offices or on the IBK website.
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An IBK representative explained, “This product was launched to expand customers’ interest rate options and minimize interest rate fluctuation risks.”
This content was produced with the assistance of AI translation services.
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