Jugeumgong Freezes Bogumjari Loan Interest Rates... Minimum Annual Rate at 3.65%
Korea Housing Finance Corporation announced on the 27th that it will freeze the interest rates for the long-term, fixed-rate, installment-repayment mortgage loan, Bogeumjari Loan, in March.
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The 'Akime-Bogeumjari Loan' applies a standard annual interest rate of 3.65% (10 years) to 3.95% (50 years). Low-income youth, newlywed households, socially disadvantaged groups, and victims of jeonse fraud can receive an additional preferential interest rate of up to 1.0 percentage point.
This content was produced with the assistance of AI translation services.
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