Korea Housing Finance Corporation Freezes Bogeumjari Loan Rates for October

Continued Stable Financial Support
for Housing Stability of Ordinary Citizens and Young People

Korea Housing Finance Corporation (President Kim Kyunghwan) announced on September 25 that it will maintain the interest rates for the Bogeumjari Loan, a long-term, fixed-rate, amortizing mortgage loan product, unchanged for October.

As a result, the interest rates for the Akim-e Bogeumjari Loan will range from a minimum of 3.65% per annum (10-year maturity) to a maximum of 3.95% per annum (50-year maturity).

In addition, socially disadvantaged groups such as low-income youth, newlywed households, people with disabilities, single-parent families, and victims of rental fraud can receive preferential interest rates of up to 1.0 percentage point. In these cases, the rates will range from a minimum of 2.65% per annum (10-year maturity) to a maximum of 2.95% per annum (50-year maturity).

A representative from Korea Housing Finance Corporation explained that the decision to freeze the rates aims to support housing stability for ordinary citizens and young people amid interest rate volatility.

Loan interest rates by maturity for the Bogeumjari Loan.

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