Bank successive credit loans stopped, New Year?

[뉴스토마토 신병남 기자] The tightening of banks’ household credit loans is expected to continue for the time being. In addition, even if some of the halted loans are resumed, it seems difficult to lower the already high threshold again.

According to the financial sector on the 27th, credit loans suspended by major banks will resume sales on January 1st of next year. Hana and Woori Bank, which discontinued their flagship non-face-to-face products without notice, are also expected to resume sales in the new year. Kakao Bank, which blocked negative bank loans, will also lift the suspension from the 1st.

Even with loan resumption, banks are expected to maintain high household loan thresholds. Financial Supervisory Commissioner Yoon Seok-heon held an online press conference on the 23rd and said, “We will manage the total amount of household loans for the time being.” There is also a point in which the application of’tweezers regulation’ on household loans is inevitable because high market liquidity is required due to Corona 19.

Currently, major banks are suppressing loan demand as much as possible by minimizing the range of preferential interest rates (reduction rates) for loan products. In fact, Nonghyup Bank adjusted the speed of lending by reducing and deleting preferential interest rates for non-face-to-face credit loan products without interrupting the loan. In a situation where the market interest rate fell, the bank raised its own interest rate to manage it.

An official from a commercial bank said, “The government is ordering household loan management, such as announcing the introduction of a regulation on the total debt principal repayment ratio (DSR) for each individual in the first half of the year.” It is highly likely to shrink,” he explained.

However, banks did not believe that unusual circumstances such as the suspension of this loan will not occur again. Because face-to-face operations declined due to the coronavirus, banks who only lock non-face-to-face loans responded that it was not easy to decide. Another official said, “Because we stopped our flagship non-face-to-face loan products, we had a lot of worries.”

Employees are working at a commercial bank branch in Seoul while commercial banks are resuming loans that have been suspended from the 1st of next month. Photo/Newsis

Reporter Byeongnam Shin [email protected]

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