The view of NH Nonghyup Bank. /Courtesy of NH Nonghyup Bank

NongHyup Bank will temporarily limit switching home mortgage loans.

According to the financial sector on the 20th, NongHyup Bank will stop handling face-to-face and non-face-to-face household mortgage transitions starting on the 24th. This appears to be a measure to manage the total volume of household loans by blocking the inflow of household mortgage loans from other banks.

Earlier, NongHyup Bank temporarily limited the handling of face-to-face jeonse loans from other banks starting on the 2nd. Since the 9th, it has also temporarily limited the handling of dwelling purchase loans for homeowners in the metropolitan area.