KB Kookmin Bank will adjust the interest rate for its non-face-to-face housing mortgage loan product, 'KB Star Apartment Loan,' from 3.7% to 3.87%, increasing the rates for periodic and mixed types by 0.17 percentage points starting from the 4th. KB Kookmin Bank noted that it raised the additional charge to adjust the demand for household loans.
According to the financial sector on the 3rd, KB Kookmin Bank made this decision after an internal meeting. Additionally, it will increase the application limit for non-face-to-face housing mortgage loans from 150 cases per day to 500. KB Kookmin Bank explained that this measure was in response to the processing of previously submitted applications.
In contrast, Shinhan Bank will extend the maximum term of its housing mortgage loans from the current 30 years to 40 years starting from the 4th, thereby lowering the threshold for loans. With the extension of the term, the loan limits will increase due to regulations such as the debt service ratio (DSR). Shinhan Bank has also removed restrictions on the purpose of funds or the location of collateral related to the term extension.