NongHyup Bank will partially ease the previously stringent handling of mortgage loans (home loans) amid its household loan management policy.
NongHyup Bank noted on the 6th that it will resume face-to-face handling of switching mortgage loans to other banks starting on the 10th.
For customers with more than two dwellings in the metropolitan area, the limit for household loan purposes for living stability will be increased from 100 million won to 200 million won.
The restrictions on subscribing to mortgage insurance products MCI and MCG for face-to-face mortgage loans will also be lifted.
MCI and MCG are insurance products subscribed to simultaneously with mortgage loans, and without insurance, only the amount minus a small rental deposit can be borrowed, reducing the loan limit. It is known that there is a decrease in the loan limit effect of 55 million won for apartments in Seoul and 25 million won for regional locations.
However, the current restrictions on non-face-to-face services will remain in place.
In addition, NongHyup Bank began handling conditional jeonse loans again on the 2nd. Previously, it took measures to limit gap investment-type jeonse loans, which transfer ownership from landlords, to capture speculative demand and focus on the execution of loans for actual users.
Since December 30 of last year, it has been easing household loan restrictions, including the resumption of sales for four non-face-to-face employee credit loans (NH employee loan V, All One employee loan, All One minus loan, and NH Sin filer loan).