Shinhan Bank announced on the 30th that it has decided to allow the handling of conditional transfer of ownership (change of landlord) lease loans outside of Seoul starting from the 2nd of next month.
Until now, Shinhan Bank has not handled lease loans under the condition that the house owner (landlord) changes on the day the loan is executed in any region.
Additionally, Shinhan Bank will lower the interest rate of the 'Shinhan Lease Loan' (guaranteed by the Korea Housing Finance Corporation and the Korea Housing & Urban Guarantee Corporation) by 0.2 percentage points starting on the same day.
A Shinhan Bank official explained, 'The intention is to support the housing stability of lease fund borrowers and reduce the burden of interest expense.'