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(Economy)IBK increases household loan interest rate by up to 0.4 percentage points

IBK Industrial Bank will increase interest rates up to 0.4%p to manage household loans.

The Industrial Bank of Korea announced that it will reduce interest rate reductions on household loan products from 0.1% to 0.4% starting on the 25th. Reduce the right to reduction

has the effect of increasing the interest rate of the loan.

Representatively, for mortgage products, interest rates increase by 0.3%p for non-face-to-face products and periodic types increase by 0.2%p for face-to-face mortgage products .

Meanwhile, among mortgage loans, the stabilization fund for single homeowners will limit the loan limit for each mortgage to 100 million won per year.

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