[사진 제공 = 연합뉴스]Person A, an office worker in his #40s, received a mail from Woori Bank informing him of the maturity of the loan from a negative bankbook (hereafter referred to as Matong, limit loan) last week. Mr. A is currently using Mattong up to 70 million won at an interest rate of 4.1% per annum. In the past two years, Mr. A’s maton interest rate has risen from the 2% range to the 3% range, and then to the 4% range this year. As a simple calculation, if the annual interest rate was 1.4 million won when you first opened Matong, it is now 2.8 million won. Mr. A’s Matong is a variable interest rate product, and a new interest rate is applied when 6 months arrive. Mr. A is worried about how much the interest rate will rise when the maturity is extended.
At this time last year, office workers who broke through the door are receiving notices from the bank announcing the maturity of their loans. If you have extra money, you can repay it, but if you don’t, you have to extend the maturity, and I’m worried about the interest rate.
According to the financial industry on the 27th, the lowest interest rate based on the variable interest rate (6 months) of Woori Bank’s ‘Won-Won Worker Loan’ that Mr. A received as of that day is 4.02% per annum when the preferential rate is applied. The basic interest rate is 4.92% per annum. The lowest interest rate is applied to customers with a credit rating of 1 internally calculated by Woori Bank.
If you look at ‘Financial Products at a Glance’, an integrated comparison site for financial products operated by the Financial Supervisory Service, the average interest rate on Matong loans recently handled by major commercial banks is almost 5% per annum.
The average Matong interest rate based on new transactions last month was 4.52% per year for Hana Bank, 4.68% per year for Woori Bank, 4.83% per year for Shinhan Bank, 4.92% per year for Kookmin Bank, 4.94% per year for NH Nonghyup Bank, 4.80% per year for K Bank, and 6.70% per year for Kakao Bank. , Toss Bank recorded 4.87% per annum, the highest level of 6% per annum. In the case of Kakao Bank, the average interest rate of Kakao Bank is higher than that of other banks due to the nature of dealing with a lot of loans to medium-credit users.
Interest rates on general credit loans, including Matong, are rising in the same direction as the Bank of Korea’s base rate hike.
According to the BOK’s most recent statistic, “Average Weighted Average Interest Rate for Financial Institutions in April 2022,” the interest rate on general credit loans for deposit banks based on new handling amounts stood at 5.16% in November last year, entering the 5% range, and then in January of this year (5.28%). From April to April (5.62% per annum), it is showing an upward trend for the fourth consecutive month. The BOK raised the key interest rate by 0.25 percentage points five times in August and November of last year, and in January, April and May of this year, and has now reached 1.75% per annum. It is also predicted that the central bank’s base interest rate will reach 3% by the end of this year.
A commercial bank official said, “As loan interest rates are on the rise, if you want to extend the maton maturity, you can save even a little interest by extending the maturity by at least one day when it is possible to extend it.”
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