Korea Housing Finance Corporation Freezes December Bogeumjari Loan Rates

Minimum Annual Rate Set at 2.65%
Preferential Benefits Maintained for Youth, Newlyweds, and Vulnerable Groups

Korea Housing Finance Corporation (President Kim Kyunghwan) announced on November 25 that it will maintain the December interest rates for the "Bogeumjari Loan," a long-term, fixed-rate, amortized mortgage loan product, at the same level as last month.

As a result, the standard interest rates for the online-exclusive "Akkim-e Bogeumjari Loan" will range from a minimum annual rate of 3.65% (for a 10-year term) to 3.95% (for a 50-year term), depending on the repayment period.

The corporation will also continue its preferential interest rate policy for low-income youth, newlywed households, socially disadvantaged groups (such as people with disabilities and single-parent families), and victims of rental fraud. If eligible applicants receive preferential rates, the interest rate can be reduced by up to an additional 1.0 percentage point, lowering the minimum rates to between 2.65% (10-year term) and 2.95% (50-year term) per year.

Korea Housing Finance Corporation explained that this decision to freeze rates was made in consideration of market volatility and the housing cost burden on ordinary citizens. The corporation stated that it will comprehensively review financial market conditions and policy finance objectives to adjust rates moving forward.

Loan Interest Rates by Maturity for Home Loan Program.

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