Korea Housing Finance Corporation to Freeze Bogeumjari Loan Interest Rates in January Next Year

Minimum Annual Interest Rate of 2.95~3.25% by Maturity with Preferential Rate Applied

Korea Housing Finance Corporation (HF, President Kim Kyung-hwan) announced on the 30th that it will freeze the interest rates for the long-term, fixed-rate, installment mortgage loan product ‘Bogeumjari Loan’ in January 2025.

Accordingly, the standard rates for the ‘Akkim e-Bogeumjari Loan’ range from 3.95% per annum (10 years) to 4.25% (50 years). If additional preferential rates (up to 1.0 percentage point) are applied for low-income youth, newlywed households, socially disadvantaged groups (such as persons with disabilities and single-parent families), and victims of jeonse fraud, the lowest rates of 2.95% (10 years) to 3.25% (50 years) per annum will apply.

Loan interest rates by maturity for the Bogumjari Loan.

However, for non-face-to-face (u method) and face-to-face (t method) loans where the loan agreement and mortgage registration are not processed electronically, an additional 0.1 percentage point will be added to the interest rate.

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