HF adjusts Bogeumjari Loan Rate for March

- 0.30%point increase for applications from March 1.

Korea Housing Finance Corporation(HF, CEO Choi Joon Woo) stated on February 22 that it increases the annual interest rates by 0.30%point for March on Bogeumjari Loans, its long-term, fixed-rate, amortizing mortgage loans.

Accordingly, the interest rates of u-Bogeumjari Loans, applied on the HF website (www.hf.go.kr) and t-Bogeumjari Loans, applied on bank branches, will range from 3.50%(10-year maturity) to 3.80%(40-year maturity)

For Akkim e-Bogeumjari Loans, of which applications are made online with electronic agreements, 3.40%(10-year maturity) and 3.70%(40-year maturity) interest rates will apply, 0.1% point lower than the other two loan types. 

HF said, “As the government bond rate, the base rate of public mortgages, recently increases and there are other upward pressures, the Bogeumjari Loan rates had to be adjusted. HF minimized the increase range so that non-homeowners and end users, who are main customers of Bogeumjari loans, will not be burdened with excessive repayment.”

He added, “As interest rates continue to rise, one may consider taking out Bogeumjari loans, of which fixed interest rate is maintained throughout the loan period up to 40 years of maturity. Those who complete the loan application by the end of February can be applied with the current rate before the increase.”

【 Bogeumjari Loan Rates per Product Type and Maturity 】