Nonghyup Bank Takes Preemptive Action on Rising Household Loans... Restricts Home Purchase Loans for Homeowners in Seoul Metropolitan Area

NH Nonghyup Bank announced that starting from June 9, it will temporarily restrict home purchase loans for borrowers in the Seoul metropolitan area who already own at least one home. This measure goes further than last September's restriction, which limited home purchase loans for borrowers in the metropolitan area owning two or more homes.

The bank explained, "We have adjusted the loan conditions as part of stable household loan management to support genuine end-users."

Previously, on June 2, Nonghyup Bank also temporarily suspended interbank refinancing for face-to-face Jeonse (lease deposit) loans.

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