Search results for home mortgage loans
Finance
Race to pre-empt won stablecoin as third financial hub nears
South Korea\'s financial authorities raised their target for household loan growth this year and NH Nonghyup Bank resumed variable-rate mortgage lending, drawing attention to whether mortgage hurdles will fall across the sector. COFIX rose for a fourth month, increasing borrowers\' interest burdens. Financial support for mid-to-low credit borrowers and small businesses is spreading, while the government and regulators advance plans tied to regional finance hubs and debate over a won stablecoin shifts toward payment, distribution and custody infrastructure.
Finance
NH Nonghyup Bank to resume variable-rate mortgages in first sign of eased household loan curbs
NH Nonghyup Bank will resume handling variable-rate mortgage loans after a two-and-a-half-month suspension, marking an early move by banks to ease lending restrictions after the government loosened its household credit growth targets. The bank will restart new issuance of its variable-rate mortgage product, NH Mortgage Loan, from Aug. 20. It had restricted new lending from June 1 to manage total household loan volume.
Finance
Hana Bank temporarily suspends new non-face-to-face mortgage lending
Hana Bank will temporarily halt new non-face-to-face home mortgage lending to strengthen management of household loans. The suspension adds mortgages via online channels to its control measures, following limits on unsecured credit loan ceilings and a temporary halt to new sign-ups for mortgage insurance. The bank said the step aims to manage household lending efficiently while maintaining stable financial supply focused on end-users.
