[미디어SR 김병주 기자] After the government and financial authorities announced their policy of obligating repayment of principal in installments for large credit loans, the financial market has been fluctuating.
Among some lenders, there is also a movement to pick up loans in advance in line with the government’s policy not to apply retroactively.
According to the financial industry on the 22nd, the Financial Services Commission announced that it would review and implement a plan to obligate payment in installments for credit loans exceeding a certain amount through the recently announced ‘2021 Business Plan’. In general, large credit loans have been used to pay only interest on a monthly basis and then temporarily repay the principal upon maturity.
In the banking sector, the standard for large credit loans mentioned by the Financial Services Commission is ‘100 million won’. Already at the end of last year, the financial authorities announced measures to regulate credit loans for high-income earners to manage the total amount of household debt and set the loan standard to ‘100 million won’.
At the time, the financial authorities announced a loan regulation limiting the total debt principal repayment ratio (DSR) to 40% when high income earners with annual incomes of 80 million won or more receive more than 100 million won in credit loans.
The financial sector interprets the measure as an intent to curb the rise in credit lending, which has been increasing rapidly in recent years.
The Financial Services Commission said in the report on the work plan at the time, “If the principal is repaid monthly as well as interest, the demand for high-denominate credit loans is expected to decrease.” Will”.
Shortly after the financial authorities’ measures were announced, various voices were emanating from banks and end users of loans. Not only the opinion that it is an inevitable measure to curb lending, but also the position that it is an unreasonable policy that fails to reflect the desires of end users of loans seems to be in a tight conflict.
First of all, financial authorities contend that it is an inevitable measure. This is because the demand for credit loans has returned to a sharp rise as the loan regulation measures introduced temporarily until the end of last year were released at the beginning of the year.
Financial Policy Officials at the Financial Services Commission told Media SR, “This announcement is literally a part of the annual business plan, and the details are just at the stage where discussions have just begun.” “We will continue to discuss the direction of applying a suitable loan repayment method, considering the repayment ability of the borrower as a top priority.”
In particular, some financial authorities expressed concern, saying that some are referring to the move in a somewhat stimulating way.
An official from the financial authorities told Media SR, “Some refer to cases related to amortization of principal, and there are concerns that we may have to pay an amount close to 10 million won per month.” We will review all the possibilities and come up with detailed plans without any hitch so that it can be achieved.”
On the other hand, there is also a positive outlook that loans for end users will increase, not for speculative purposes such as’younger’ and’debt investment’.
On the other hand, there is also a growing concern that the trend to obtain loans in advance before a rough guideline is issued will become stronger.
An official from the banking industry told Media SR, “If the application of the principal installment payment is confirmed, the bank should prepare its own measures to relieve the burden on the lender while preventing a decrease in loan demand. Various changes will be considered, such as applying a differential and adjusting the prepayment fee rate.”