HF cuts Bogeumjari Loan Rate for April

- With preferential discount, the interest rates will range from 3.05% to 3.35% per maturity. 

The Korea Housing Finance Corporation(HF, CEO Choi Joon Woo) stated on March 27 that it will cut the annual interest rates by 0.15%point for April on the Bogeumjari Loan product, its long-term, fixed-rate, amortizing mortgage loans.

ㅇ Accordingly,’Akkim e-Bogeumjari Loan’ annual interest rate will range from 4.05%(10-year maturity) to 4.35%(50-year maturity).  

ㅇ  At the same time, additional discount of up to 1.0%p can be applied to those who are low-income youths, newly-wed couples, or socially disadvantaged groups such as households with the disabled or , multi-cultural families, which will set the final annual rate between 3.05%(10-year maturity) and 3.35%(50-year maturity). 

HF said, “Reflecting the recent drop of the Mortgage-Backed Securities(MBS) funding rate. the interest rates of the Bogeumjari loans have been cut to lessen the interest burden on the low-to-moderate income households and the end-users.