[단독] Shinhan Bank tightens all-generation loans… “Raise interest rates from tomorrow”

Input 2021.01.18 16:23 | Revision 2021.01.18 16:31

Shinhan Bank will increase the interest rate for jeonse loans from the 19th. As credit loans increased sharply at the beginning of the year, the financial authorities ordered household debt management. Shinhan Bank has cut the maximum limit on credit loans and is now trying to tighten various loans every day. Commercial bank credit loans have increased by nearly 2 trillion won in 10 business days.

According to the banknote on the 18th, Shinhan Bank sent an official letter to each branch on the same day and lowered the preferential interest rate for Shinhan jeonse loans guaranteed by Seoul Guarantee Insurance by 0.1% point (P) for each item. Shinhan Jeonsegae also announced that it will cut the product adjustment rate by 0.1%P. The changed interest rate will be applied from the application on the 19th, one day later.

Shinhan Bank explained, “It is necessary to introduce preemptive risk management related to household debt, including improvement in profitability of jeonse loans, so we have changed the interest rates of some products.”

Specifically, in the case of out-of-family products guaranteed by the Seoul Guarantee Insurance, salary 0.2%, card 0.1%, savings 0.1%, etc. are 0.1%p lower than before, and the preferential rate of up to 0.6% is applied. It was decided to abolish the preferential interest rate for the use of the check card that was previously provided. The product adjustment rate for all-rental products that are guaranteed by Jugeum Industries and Housing and Urban Guarantees will also decrease from 0.2% to 0.1%.

Earlier, on the 15th, Shinhan Bank lowered the maximum limit for each case of credit loans for office workers by 50 million won each on the 15th as well. The maximum limit for the product, divided into 200 million won and 150 million won, respectively, depending on income and creditworthiness, has been lowered to 150 million won and 100 million won, respectively.

From the beginning of the year, the financial authorities sent a warning signal when the scale of bank credit loans surged due to the so-called “debt investment” craze. The balance of personal credit loans of the five major commercial banks, including Shinhan, KB Kookmin, Hana, Woori, and Nonghyup Bank, increased from 133.6481 billion won on December 31 last year to 135.5286 billion won on the 14th. This is an increase of 1.88 trillion won in 10 business days. The banking sector has already filled the monthly loan limit increase (2 trillion won) promised to the financial authorities.

The increase in cheonsei fund loans due to the recent increase in jeonse prices also affected the increase in loans. The balance of mortgage loans including cheonsei loans was 437 trillion 784.9 billion won, an increase of 3,361.1 billion won from the previous year.

As of December of last year, the credit loans of the five major commercial banks were 133.6482 billion won, a decrease of 44.3 billion won from November. However, the balance of jeonse loans increased by KRW 1,759.6 billion from November (103,3392 billion) to 10.5 trillion 98 billion won in December.