Shinhan Bank announced on the 12th that it will not accept applications for housing collateral loans and leasehold deposits through loan collectors from the 14th until the end of October.
Earlier, Shinhan Bank blocked mortgage applications from loan collectors in the metropolitan area from August to September, extending this to October and expanding it nationwide to include leasehold loans.
Additionally, Shinhan Bank will not apply mortgage insurance (MCI) to new housing collateral loans until the end of October. Since MCI enrollment is not possible, only the amount excluding small rental deposits can be borrowed, which effectively reduces the loan limit.
A Shinhan Bank official noted, "We have prepared additional measures to maintain stable management of household loans and adhere to the principle of supply focused on actual demand."