Industrial Bank of Korea announced on the 5th that starting from the 10th, it will lower the interest rate for face-to-face mortgage loans by 0.1 percentage points and the interest rate for jeonse loans by 0.2 percentage points. The non-face-to-face jeonse loan rate will also decrease by 0.1 percentage points.
Industrial Bank of Korea will reduce the final loan interest rate for customers by expanding the interest rate reduction authority of branch managers. The bank explained that it lowers loan interest rates in response to deposit rate reductions in the context of falling benchmark interest rates.