`Steep increase` of 5% despite base money rate freeze
Cho Eun Guk | ceg4204@ | 2018-04-18 10:02:52
Interest rates on mortgage loans have risen sharply while the Bank of Korea has frozen its benchmark interest rate. Fixed interest rates and fixed interest rates have soared along with the rise in funding cost index COPIX for the seventh consecutive month, as well as interest rates on financial bonds and MOR.
According to the Bank of Korea on April 17, five major banks including Kookmin ？ Shinhan ？ Korea ？ Nonghyup ？ KEB and Hana Bank posted 1.78% and 1.82%, respectively, up 0.03% and 0.05% , The central bank raised the floating rate.
As a result, Kookmin Bank raised the interest rate of the central bank from 3.44 to 4.64 % on April 16 to 3.47 % to 4.67 % from 3.64 % to 4.56 % from 3.31 % to 4.51 %. Among the five banks, Kookmin Bank had the highest interest rate on the basis of balance based on Koepix.
Shinhan Bank raised its interest rate on the basis of the balance and new payments from 3.05 to 4.40 % to 3.07 % to 4.43 % and from 3.12 % to 4.47 % to 3.17 % to 4.52 %. Both Woori Bank and Nonghyup Bank raised interest rates on the bourse by the same amount as Koepix.
Meanwhile, KEB Hana Bank has lowered interest rates on its core banks, The interest rate on the basis of the balance and the new amount of interest has declined to 3.036 ~ 4.236% from 3.038 ~ 4.238%. This is because KEB Hana Bank`s combined additions to the six-month financial debentures declined when Kookmin Bank raised the minimum and maximum interest rates.
Mixed fixed interest rates have also risen. The fixed rate in addition to variable interest rates, which is based on five-year financial bonds and MOR, is reflected in daily interest rate fluctuations. Impressions do not apply if you have already borrowed at fixed interest rates, but if you borrow a new loan, the interest rate will be increased. KEB has the same interest rate as the previous day, except for KEB Hana Bank. KEB Hana Bank has a fixed interest rate of 3.52% (Nonghyup Bank) of 4.87% (Kookmin Bank) The interest rate rose from 2.601 percent to 2.621 percent, while the fixed rate rose to 4.581 percent from 3.381 percent.
Since variable interest rates are subject to a change in interest rates even in the case of loans already received, interest rate hikes and burdens may increase. Fixed interest rates (mixed) will stay at interest rates for five years if they are borrowed at specific interest rates. A central bank official said, "Although the Bank of Korea has frozen the April interest rates, the Fed is expected to raise the benchmark interest rate as the Fed raises further interest rates. The lending rate will continue to rise as well, "he said.
By Cho Eun Guk ceg4204@
[ copyright ⓒ The Digitaltimes ]
According to the Bank of Korea on April 17, five major banks including Kookmin ？ Shinhan ？ Korea ？ Nonghyup ？ KEB and Hana Bank posted 1.78% and 1.82%, respectively, up 0.03% and 0.05% , The central bank raised the floating rate.
As a result, Kookmin Bank raised the interest rate of the central bank from 3.44 to 4.64 % on April 16 to 3.47 % to 4.67 % from 3.64 % to 4.56 % from 3.31 % to 4.51 %. Among the five banks, Kookmin Bank had the highest interest rate on the basis of balance based on Koepix.
Shinhan Bank raised its interest rate on the basis of the balance and new payments from 3.05 to 4.40 % to 3.07 % to 4.43 % and from 3.12 % to 4.47 % to 3.17 % to 4.52 %. Both Woori Bank and Nonghyup Bank raised interest rates on the bourse by the same amount as Koepix.
Meanwhile, KEB Hana Bank has lowered interest rates on its core banks, The interest rate on the basis of the balance and the new amount of interest has declined to 3.036 ~ 4.236% from 3.038 ~ 4.238%. This is because KEB Hana Bank`s combined additions to the six-month financial debentures declined when Kookmin Bank raised the minimum and maximum interest rates.
Mixed fixed interest rates have also risen. The fixed rate in addition to variable interest rates, which is based on five-year financial bonds and MOR, is reflected in daily interest rate fluctuations. Impressions do not apply if you have already borrowed at fixed interest rates, but if you borrow a new loan, the interest rate will be increased. KEB has the same interest rate as the previous day, except for KEB Hana Bank. KEB Hana Bank has a fixed interest rate of 3.52% (Nonghyup Bank) of 4.87% (Kookmin Bank) The interest rate rose from 2.601 percent to 2.621 percent, while the fixed rate rose to 4.581 percent from 3.381 percent.
Since variable interest rates are subject to a change in interest rates even in the case of loans already received, interest rate hikes and burdens may increase. Fixed interest rates (mixed) will stay at interest rates for five years if they are borrowed at specific interest rates. A central bank official said, "Although the Bank of Korea has frozen the April interest rates, the Fed is expected to raise the benchmark interest rate as the Fed raises further interest rates. The lending rate will continue to rise as well, "he said.
By Cho Eun Guk ceg4204@