Hana Bank will resume its non-face-to-face housing mortgage loans after a three-month hiatus. As the growth in household loans has slowed somewhat, the bank is following NH NongHyup Bank and Industrial Bank of Korea in easing its voluntary regulatory measures on household lending.
According to financial industry sources on the 30th, Hana Bank will restart non-face-to-face mortgage lending starting from the 2nd of next month. The products targeted for resumption are the "Apt Loan 2" and the "Housing Mortgage Loan / Residential Officetel Refinancing" product.
This marks the first time in three months that new applications have been accepted, following the suspension of new non-face-to-face mortgage enrollments in early August as part of overall household loan volume management.
In addition, the bank will also resume enrollment in Mortgage Credit Insurance (MCI) and Mortgage Credit Guarantee (MCG), which had been implemented starting in July. Enrollment in mortgage insurance will be permitted only for mixed-rate products, while the suspension measure will remain in place for variable-rate products.
As the growth rate of household loans has declined, banks are gradually easing the lending regulations they had independently introduced. NH NongHyup Bank resumed new transactions for its variable-rate mortgage product, "NH Housing Mortgage Loan," which it had suspended since August 20, and allowed new enrollments in the Mortgage Credit Guarantee (MCG) for mortgages.
Industrial Bank of Korea also resumed new variable-rate mortgage transactions and refinancing loans to switch from other banks' mortgages starting from the 15th of last month, and expanded the scope of "special rate discounts" for mortgages and jeonse (lump-sum deposit) loans.
According to the Financial Services Commission, household loan balances in the financial sector decreased by 2.2 trillion won in September compared to the previous month. This marks the first net decrease since December last year.
in FINANCE
