[Infostock Daily=Reporter Lee Ji-sun] Shinhan Bank tightens mortgage loans by raising interest rates and suspending sales of insurance-backed products.
According to the financial sector on the 4th, Shinhan Bank has decided to lower the preferential interest rate on mortgage loans and real estate loans by 0.2% point from the 5th. In the end, the interest rate on related loans will go up by 0.2% point.
Preferential interest rates for lump sum lease funds (guarantees by the Korea Housing Finance Corporation and the Korea Housing & Urban Guarantee Corporation) will also be cut by 0.2 percentage points.
In addition, Shinhan Bank will temporarily suspend the sale of mortgage credit insurance (MCI) loans and mortgage credit guarantee (MCG) loans.
Shinhan Bank is trying to regulate mortgage loans by reducing preferential interest rates and reducing the limit because the recent surge in credit loans has subsided, but there is still high demand for housing-related loans.
Reporter Lee Ji-sun stockmk2020@gmail.com
