• It is a unique variation of a long-term mortgage loan common in advanced nations designed by the Korea Housing Finance Corporation to allow customers to repay the principal and interest of their loan over a period of ten to forty years.

• Those aged 20 or over as of the loan application date
• combined annual income of loan applicant and his/her spouse must be krw 70 million or lower

• Fixed rate applied from the date of loan extension to maturity (Published Interest Rates)
• Added rate applied depending on the location and price of the collateralized houses (0.1% for real estate speculation zones)
• Prime rate offered to household with three or more children, multi-cultural family, family with a disabled member and single parent family(0.4%p discount each). (Up to two items can be opted, with a cap of 0.8%p) Prime rate applied house priced under KRW 600million , 85㎡ size(houses smaller than 100㎡ outside the capital region) and KRW 60million(KRW 70million for newlyweds, household with three or more children) combined income.

• Houses registered on the official registry (certified copy of the register) with prices of not more than KRW 600 million

• Up to 70% of the collateralized house value
• Minimum KRW1 million ~ maximum KRW 360 million

• 10 years, 15 years, 20 years, 30 years or 40 years

• Monthly equal installment repayment of principal (and interest)
  (incremental installment repayment available for the u-Bogeumjari Loan)
• Prepayment penalty: applied within 3-year period from the loan origination and up to 1.2% in sliding method(prepayment penalty is decreased depending on the number of remaining days, prorated daily rate, n/365)

Customers may obtain various products (Regular Bogeumjari Loan/Prime Rate Bogeumjari Loan/Installment Payment Bogeumjari Loan) via Internet or by visiting financial institutions.