NH NongHyup Bank noted on the 19th that it will ease restrictions on household loans that had been temporarily imposed.
According to NongHyup Bank, conditional Jeonse (lump-sum lease) loans will be processed starting from the loan executions made on Jan. 2 next year. This applies in cases where the registration receipt on the day of loan execution is complemented by the transfer of ownership from the lessor, the reduction or cancellation of the primary mortgage, and the cancellation of trust registration.
Sales of four types of non-face-to-face employee credit loans will resume on the 30th of this month. The products include NH Employee Loan V, Allone Employee Loan, Allone Minus Loan, and NH Sinfiler Loan.
The preferential interest rate for periodic dwelling mortgage loans is expected to expand by 0.10 percentage points from the 23rd.
Recently, banks have continued to ease restrictions on household loans as the new year approaches.
Previously, Shinhan Bank adjusted the limit for the living stability fund purpose mortgage loans, which will be executed next year, from 100 million won to 200 million won, starting from the 17th. It will also resume handling mortgage insurance (MCI), which had been suspended, and start issuing loans through loan brokers.
Hana Bank also began selling non-face-to-face mortgage loans and Jeonse loans starting from the 12th for loans executed next year. Woori Bank plans to resume non-face-to-face household loan sales starting on the 23rd.