Korea Housing Finance Corporation Lowers February Bogeumjari Loan Interest Rate by 0.3%

With Preferential Rates Applied,
Annual Interest as Low as 2.65% to 2.95% Depending on Maturity

Korea Housing Finance Corporation (HF, President Kim Kyunghwan) announced on the 23rd that it will lower the interest rate of the long-term, fixed-rate, installment-repayment mortgage loan ‘Bogeumjari Loan’ by 0.3 percentage points in February.

Accordingly, the standard interest rates for the Akim e-Bogeumjari Loan will be applied at an annual rate of 3.65% (10 years) to 3.95% (50 years). Additionally, low-income youth, socially disadvantaged groups (such as persons with disabilities and single-parent families), and victims of jeonse fraud will receive an extra preferential interest rate (up to 1.0 percentage point), resulting in the lowest rates of 2.65% (10 years) to 2.95% (50 years) annually.

An HF official explained, “Reflecting the recent trend of the Bank of Korea’s base rate cuts and the stabilization of MBS funding rates, we lowered the Bogeumjari Loan interest rates to minimize the interest burden on low-income and actual demand borrowers.”

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