NH NongHyup Bank said on the 11th that it will lower household loan lending rates, including mortgage loan and unsecured loans, starting on the 16th.
For mortgage loans, the lower end will be cut by 0.20 percentage points and the upper end by about 0.45 percentage points. Accordingly, the 5-year fixed-rate mortgage loan lending rate will fall to an annual 5.11%–6.77%.
For unsecured loans, only the upper end of the rate will be reduced by 0.20 percentage points. NongHyup Bank's one-year unsecured loan lending rate is currently an annual 5.13%–6.33%, and when the rate is lowered, it will fall to an annual 5.13%–6.13%.
NongHyup Bank said the latest cut in household loans lending rates is "to strengthen support for end users."
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