Korea Housing Finance Corporation Keeps Bogeumjari Loan Rates Unchanged for September
Minimum Annual Rate of 2.65% to 2.95%
Preferential Rates for Low-Income, Youth, and Jeonse Fraud Victims
Korea Housing Finance Corporation (President Kim Kyunghwan) announced on August 26 that it will keep the interest rates for the Bogeumjari Loan, a long-term, fixed-rate, amortizing mortgage loan product, unchanged for September.
As a result, the interest rates will range from 3.65% per annum (10 years) to 3.95% per annum (50 years) based on the Akkim-e Bogeumjari Loan.
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In addition, socially disadvantaged groups such as low-income youth, newlyweds, persons with disabilities, single-parent families, and victims of jeonse fraud can receive an additional preferential rate of up to 1.0 percentage point, resulting in rates as low as 2.65% per annum (10 years) to 2.95% per annum (50 years).
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