Shinhan Bank announced on the 2nd that it will extend the maximum term of its mortgage loans for dwellings from 30 years to 40 years starting on the 4th.
Shinhan Bank has decided not to impose any restrictions based on the collateral location or the purpose of the funds for this extension.
In addition, although it did not offer jeonse loans where the home owner (landlord) changes on the day the loan is executed in the Seoul area, it plans to remove the related regulation.