KB Kookmin Bank Suspends Mortgage Loans for Living Stabilization Funds

KB Kookmin Bank will suspend mortgage loans for living stabilization funds, following the suspension of mortgage loans for home purchases.

According to KB Kookmin Bank on December 3, starting from December 4, the bank will not process mortgage loans for living stabilization funds that are scheduled to be executed within this year. In addition, from December 3 until the end of the year, the bank will not charge early repayment fees for household loans. This appears to be an effort to encourage loan repayment by waiving the fees.

A representative from KB Kookmin Bank stated, "This is an additional measure to manage the annual total volume of household loans." The representative added, "However, in the case of mortgage loans for the purpose of returning lease deposits, applications can still be made even if they are scheduled to be executed within this year."

Previously, at the end of last month, KB Kookmin Bank and Hana Bank suspended mortgage loans for home purchases that were scheduled to be executed within this year.

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