Banks have aggressively disbursed group loans for moving costs, interim payments, and final balances, resulting in a balance increase of over 900 billion won within a month. Starting next month, with the move-in of more than 3,000 households at 'DH Bangbae', the total balance of group loans is projected to surpass the 150th trillion won mark.
According to financial sector data on the 26th, the combined balance of group loans from KB Kookmin, Shinhan, Hana, Woori, and NH Agricultural Cooperative Bank stood at 149.1807 trillion won as of the previous day. This represents an increase of 938.2 billion won compared to the end of July.
Group loans recorded 152 trillion won at the end of December last year, then steadily declined to reach 145 trillion won by the end of March this year. Afterward, they remained in the mid-140 trillion won range before beginning a significant rise from August. In the first week of August (as of the 7th), group loans increased by 91.4 billion won compared to Jeonju; in the second week (the 14th), by 391.1 billion won; and in the third week (the 21st), by 248.6 billion won. In the fourth week, they surged by over 200 billion won within just two days.
During the same period, the total balance of housing-related loans—including general mortgage loans and rental deposit loans alongside group loans—increased by 2.145 trillion won, reaching 620.862 trillion won. This means that 43% of the net increase in housing loan balances came from group loans.
The rise in group loan disbursements began with final payment loans for 'Maegyo Station Palusid' in Suwon, where move-ins started this month, as new supply increased.
Earlier in the first half of the year, banks tightened their lending windows in accordance with strengthened household loan total management guidelines, leading to 'open run' situations primarily around complexes scheduled for move-in within the year. However, financial authorities instructed banks to smoothly supply group loans for complexes moving in during the second half and decided to exclude net increases in group loans from their own total loan limits, prompting banks to aggressively expand group loan offerings.
With final payment loans for DH Bangbae, where move-ins begin on September 1, as the focal point, the combined balance of final payment loans from the five major banks is expected to reach 150 trillion won. In the case of DH Bangbae, the five major banks have continued to raise their lending limits, expanding the supply scale from 50 billion won to approximately 155 billion won—tripling the initial amount. Financial authorities estimate that up to 26 trillion won in final payment loans will be disbursed for 70,000 complexes scheduled to move in during the second half of the year.
However, not all disbursements of final payment loans directly translate into net balance increases. Recently, banks have set loan ceilings based on the lower of either 60% of the sales price or 50% of the appraised value, considering that market prices for DH Bangbae have risen significantly compared to the original sales price. Additionally, since final payment loans can only be obtained after repaying interim payment loans capped at 40% of the sales price, the full 155 billion won will not directly result in a net balance increase.
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