Continued Tightening of Household Loans by Banks... Woori Bank to Raise Rates Again Next Week

 

 

 

Commercial banks are raising loan interest rates to manage the increasing household debt.

According to the financial sector on the 17th, Woori Bank has sent a notice to its branches that it will raise the loan interest rate of its 5-year variable-rate apartment mortgage products by 0.20 percentage points starting from the 24th.

For other housing mortgage loans with a 5-year variable rate, the loan interest rate will be increased by 0.15 percentage points. Additionally, the interest rate on Woori Jeonse Loan, a 2-year fixed-rate product for jeonse deposit, will also be raised by 0.15 percentage points.

Earlier on the 12th, Woori Bank had slightly increased the interest rates on both mortgage and jeonse deposit loans.

Recently, major banks have been raising loan interest rates consecutively to manage the total amount of household loans.

Hana Bank raised its mortgage loan interest rates by up to 0.2 percentage points on the 1st.

KB Kookmin Bank increased its mortgage loan interest rates by 0.13 percentage points on the 3rd and then raised the interest rates on jeonse deposit loans by up to 0.2 percentage points on the 11th. Shinhan Bank also increased the interest rates on all loan products based on the 5-year financial bond rate by 0.05 percentage points on the 15th.

The financial authorities are pressuring banks to actively manage the increasing household loans, which are linked to rising house prices.

The authorities are currently conducting on-site inspections to check the compliance with the Debt Service Ratio (DSR) regulation among the five major banks and Kakao Bank.

Kim Byeong-hwan, the candidate for the Financial Services Commission chairman, stated in his written answers to the National Assembly's personnel hearing the previous day that there is a concern about the expansion of household debt growth and that he plans to manage it proactively and aggressively.

출처 : 산경투데이(https://www.sankyungtoday.com)

 

 

https://www.sankyungtoday.com/news/articleView.html?idxno=47149

Continued Tightening of Household Loans by Banks... Woori Bank to Raise Rates Again Next Week