|
|
 |
|
 |
We provide first and second mortgage loans to home owners with all types of credit and financial needs. |
|
|
 |
An individual providing an apartment or a house as collateral |
|
|
 |
Yes Mortgage Loan 1 : Minimum of 10 million won or more within available equity of collateral on a house |
|
|
|
 |
Yes Mortgage Loan 3 : Minimum of 10 million won and maximum of 2 billion won within available equity of collateral on a house |
|
|
 |
Loan Term & Repayment Method |
|
|
|
|
Yes Mortgage Loan 1 : Selecting one of 1year, 2 years, 3 years and 4 years, repaying on the expiration date |
|
|
|
|
Yes Mortgage Loan 3 : Within 1 year (extension up to maximum of 10 years possible), repaying on the expiration date |
|
|
|
Yes Mortgage Loan 1 : Basic Loan Rate linked to CD Interest Rate + Minimum 0.7%¡1.3% (additional rate per period-additional rate per debtor)
¡Ø Basic Loan Rate linked to CD Interest Rate Calculation Method: Current Rate on 91-day CD from a previous day of the loan handling date +1.0% |
|
|
|
|
Yes Mortgage Loan 3 : Basic Rate linked to 3-month or less Market Interest Rate + Minimum 0.1%¡0.3% |
|
|
|
Exemption of Settlement of Mortgage Expenses |
|
|
|
|
Eligibility : Within Loan to Value Ratio (LTV) of 60%, with the loan terms of 3 years or more and amount of 20 million Won or more People wishing to acquire a loan by newly providing collateral |
|
|
|
|
Fee : In case of being exempted from settlement of mortgage expenses, a fee of 1.0% of the repayment amount will be imposed when repaying before 30 months from the day of the loan handling date. |
|
|
|
|
Others : In case of being exempted from settlement of mortgage expenses, 2% will be added to the loan rate. |
|
|
|
Matters requiring Attention |
|
|
|
|
Incidental expenses for loans (stamp charges, appraisal charges, settlement fee, fire insurance premium) will be borne by customers. However, it is possible for customers to choose whether to bear a settlement fee. |
|
|
|
|
A disqualified person based on the loan regulations of KEB may be restricted in acquiring a loan, and in case of a loan not being paid after its expiration date, such shall be processed in accordance with the provisions of loan transaction. |
|
|
|