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View of Woori Bank. (Photo=Woori Bank) |
[Alpha Biz= Reporter Kim Sangjin] Woori Bank has announced it will temporarily halt the sale of its non-face-to-face (online) real estate loan products from November 5 to December 8 through its WON Banking and internet banking platforms. This move follows the bank’s decision to reduce preferential interest rates on several major credit loan products, aiming to tighten credit and real estate lending.
Starting November 5, Woori Bank will lower the preferential interest rates on eight major credit loan products by up to 0.5 percentage points. For instance, products like the “Woori Main Transaction Salary Loan” and “Woori WON Salary Loan” will see their maximum rate discounts reduced from 1.7% to 1.2%, while the “Woori WON Plus Salary Loan” rate discount will drop from 1.5% to 1%. Additionally, products such as the “Patriot Military Loan” and “Woori First Salary Loan” will have their preferential rates reduced from 1.2% to 0.7%.
These restrictions are part of a broader tightening measure. Starting November 1, Woori Bank capped individual credit loan limits to 100% of annual income, down from the previous 150–200%, and began reducing availability of credit loan products through its online channels at the end of October.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
