In order to respond to the management of the total amount of household loans, mutual financial institutions are suspending the sale of household loans one after another.
The credit union announced that it will temporarily suspend the sale of new household loans such as credit loans and mortgage loans from tomorrow (30th).
The timing of resumption of loans has not been set.
However, loans from end-users’ loans and loans from customers with extended maturity are not subject to restrictions.
As of the 26th, the credit union’s household loan growth rate was 4.4% compared to the previous year.
Saemaul Geumgo also temporarily suspended household loans, such as loans for household purchase funds and loans for the remaining balance in pre-sale housing, starting today (29th).
The decision to suspend lending in the mutual financial sector is interpreted as the result of a surge in demand for mutual financial companies as commercial banks reduced and suspended loan limits due to the management of the total amount of household loans.
