Search results for variable rate
Finance
IBK Industrial Bank of Korea offers 1 trillion won fixed-rate loans to mid, low credit SMEs
IBK Industrial Bank of Korea will provide 1 trillion won in fixed-rate loans for mid and low credit small and medium-sized enterprises. The bank launched its “HopeOn Safe Fixed-Rate Loan” product on Aug. 3. Loan limits per company are up to 1 billion won for working capital and up to 4 billion won for facilities funding. It offers an interest-rate discount of up to 1.0 percentage point, and allows borrowers to switch to a variable rate if market rates fall.
Finance
Loan shutdown leaves homebuyers short of balance payment; Lee says transitional measures needed
South Korean President Lee Jae-myung signalled the need for transitional measures after tighter controls on total household lending disrupted funding for balance payments by people who already signed home contracts. Speaking at a public forum on real estate policy, Lee responded to a participant who said reduced loan limits prevented a balance-payment loan for an apartment bought for owner-occupation. The Financial Services Commission chairman said authorities would consult banks to prevent excessive loan tightening.
Crypto
Morpho launches fixed-rate lending protocol on Base
DeFi protocol Morpho has launched Midnight, a fixed-rate and fixed-maturity lending protocol, on the Base mainnet. The product adds maturity-based lending to Morpho Blue, its variable-rate lending market. Midnight lets lenders and borrowers propose interest rates, maturities and other terms directly, with loans set by competing offers rather than utilization curves or algorithmic pool pricing. It initially supports cbBTC and USDC across multiple maturities.
