Woori Bank to Partially Lift Restrictions on Housing and Jeonse Loans Starting Next Year
Woori Bank announced on the 24th that it will partially lift restrictions on handling mortgage loans and jeonse deposit loans starting January 2nd next year.
First, regarding mortgage loans, the restrictions on subscribing to guarantee insurance MCI / MCG will be lifted, and the restrictions on handling refinancing loans from other banks will also be removed.
The maximum limit for living stabilization fund loans will be changed from the existing 100 million KRW to 200 million KRW. However, for the purpose of returning jeonse deposits and refinancing from the same or other banks, loans exceeding 200 million KRW can be handled.
For jeonse deposit loans, restrictions on handling properties located in the metropolitan area owned by homeowners and restrictions on refinancing from other banks will be lifted.
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Woori Bank stated, “The scheduled implementation date for this measure is January 2nd next year,” and added, “It will apply to new/increased approval applications submitted after the implementation date.”
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