K Bank to Support Up to 1 Million Won in Interest for 'Akkim-e Bogeumjari Loan' Customers

K Bank announced on March 11 that it will support up to 1 million won in interest payments for customers using the 'Akkim-e Bogeumjari Loan' to ease the interest burden for actual homebuyers, and will also lower the interest rates on apartment mortgage loans and jeonse loans. K Bank is conducting an interest support event totaling 50 million won for customers using the 'Akkim-e Bogeumjari Loan,' a policy financial product offered by the Korea Housing Finance Corporation (HF).

This event is open to customers who execute an Akkim-e Bogeumjari Loan by April 24, and through a drawing, a total of 50 winners will each receive 1 million won in interest support. To participate, customers must apply for the Akkim-e Bogeumjari Loan through the Korea Housing Finance Corporation's website or the Smart Housing Finance application during the event period and select 'K Bank' as their financial institution. Afterwards, participants must complete their entry on the event page within the K Bank app, and participation is recognized upon completion of the loan agreement and execution after approval.

In addition, K Bank will reduce interest rates on apartment mortgage loans and jeonse loans to further alleviate the financial burden for actual homebuyers. The interest rate for apartment purchase loans will be lowered by 0.50 percentage points, and for general loans such as those for living stabilization, the rate will be reduced by 0.20 percentage points. For jeonse loans, the interest rates for both general and youth products will be reduced by 0.20 percentage points, and for general and youth jeonse refinancing loans, by 0.10 percentage points each. The Akkim-e Bogeumjari Loan is a policy financial product that can be used by customers with a combined annual household income of up to 70 million won (up to 100 million won for newlywed households) when purchasing a home valued at up to 600 million won.

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