Home Business NH Nonghyup Bank resumes jeonse loans in response to authorities’ deregulation policy

NH Nonghyup Bank resumes jeonse loans in response to authorities’ deregulation policy

by news dir

NH Nonghyup Bank to resume jeonse loans from the 18th
Woori and Shinhan Bank also eased

On the afternoon of the 14th, in front of a commercial bank in downtown Seoul, a notice is hanging on the window dedicated to consulting on Jeonse loan. Amid growing concerns about whether the Financial Services Commission’s additional measures for household loans will include cheonsei loans, FSC Chairman Ko Seung-beom said on the same day, “We will manage cheonsei loans and group loans until the end of the year so that there is no interruption.” yunhap news

NH Nonghyup Bank resumes the handling of jeonse loans, which it stopped in August. As the financial authorities announced their position, “Jeonse loans will be excluded from the total amount of household loans.”

NH Nonghyup Bank decided to resume the handling of new jeonse loans from the 18th. NH Nonghyup announced in July that it would suspend the handling of new loans such as mortgage loans and jeonse loans from August to November after exceeding the household loan target set by the financial authorities in July.

The Financial Services Commission, the Financial Supervisory Service, the Federation of Banks, and the five major commercial banks (KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup Bank) held a meeting to review actual demand loans on the same day and decided to grant exceptions to the total amount regulation on jeonse loans. Specifically, it was decided to exclude Jeonse loans in the fourth quarter from this year’s total household loan management limit (6%).

In response to these measures, other banks have also begun to ease their cheonsei loan limits. From the 18th, Shinhan Bank decided to lift the 500 billion won limit applied to jeonse loans through solicitors. Woori Bank plans to increase the limit on the Jeonse loan only to end users. Since last month, Woori Bank has started to manage the total amount of loans by applying a loan limit from 500 million won to several billion won per branch per month.

However, the decision to limit the limit of the jeonse loan to the extent of the increase in the deposit at the time of renewal of the rental contract remains the same. KB Kookmin Bank started the measures on the 29th of last month, and Hana Bank is planning to implement the same measures from the 15th. A Hana Bank official said, “We plan to implement the measures as scheduled without any changes.”

Kim Jeong-hyun reporter

Balance to see the world, Hankook Ilbo Copyright © Hankookilbo

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