KB Kookmin Bank to reduce mortgage loan limit 3to billion won, effective 7 month10 day
KB Kookmin Bank will reduce the maximum limit for home mortgage loans in the Seoul metropolitan area and regulated zones from 7 month10 day to 6 billion won from the previous 3 billion won. The bank said the measure is intended to proactively manage household lending, while reports said that fixed-rate products in the 4% range have effectively disappeared amid the recent rise in interest rates.
KB Kookmin Bank announced on 7 month10 day that it would cap the home mortgage loan limit for the Seoul metropolitan area and regulated zones at 3 billion won. Previously, under government policy, loans of up to 8 billion won were available for homes priced at 15 billion won or less.6 million won
The bank explained that the measure is intended to proactively manage household lending. The effective date is 7 month10 day.
Recently, reports emerged that among fixed-rate products, home mortgage loans in the 4% range had disappeared. As interest rates continued to rise, the overall level of interest rates on new loans was reported to have increased.
On the same day, Kookmin Bank announced that it had signed a business agreement with ITCEN Core to support small and medium-sized enterprises in managing personnel and funds. The bank plans to establish a one-stop service for small and medium-sized enterprises.
Meanwhile, 9on the day, Sungho Electronics disclosed that it would accelerate the repayment of its mortgage loan. The company said it would bring forward its loan repayment plan.
This announcement came amid a series of interest rate-related news reports at the beginning of the month. Customers should confirm loan conditions and the execution timing with their financial institutions.7Customers should confirm loan conditions and the execution timing with their financial institutions.