Savings bank breaks into’the limit of lending in one financial sector, which has been greatly reduced’

[이뉴스투데이 이지혜 기자] The number of individuals who are unable to cross the threshold of the first financial sector is increasing due to the lack of the limit on loans for prisoners following the first financial sector’s household loans since August of last year. Some of these people are not indebted to investing in debt, but are regretting living money due to COVID-19 or preparing their first home in their lives. Savings banks are targeting this and are introducing mortgage loans and mid-interest rate credit loan products for high and medium creditors.

According to the financial sector on the 14th, as commercial bank loan limits have recently been reduced, the marketing of savings banks targeting this niche is active. Savings banks are more advantageous than commercial banks in terms of both the mortgage loan guarantee ratio (LTV) and the total debt principal repayment ratio (DSR) reflecting the situational capability. In other words, even if the maximum loan is received from a commercial bank, additional loans can be made at the savings bank.

There is a representative advertising copy of the savings banking sector that catches the eye. ‘Is the loan limit enough for Deputy Lee? That is, the basic limit + 100% additional possible. As Welcome Savings Bank advertises on SNS (social network service) such as Facebook with’Welcome Digital Bank’, the limit is reduced according to the wording, indicating that savings banks can lend additional loans.

An official at the Welcome Savings Bank explained, “The implementation of heavy interest rates has increased due to digital non-face-to-face loans, etc.,” and “Even high creditors in commercial bank transactions can receive additional loans that are insufficient.”

SBI Savings Bank advertises for 4% of online home mortgage loans. With an online loan, you can apply for a loan at a relatively low interest rate only through the Internet without visiting a branch office. It is about 2%p (points) difference compared to that of the lowest 2.35% of commercial bank interest rates. The loan limit is also possible up to 95% of the KB real estate market price (70% of household loans).

Pepper Savings Bank is also actively engaged in lending business since the launch of the Mobile Bank Pepperu App. In the case of business mortgage loans, LTV can be up to 97%. Personal credit loans can be repaid at a minimum of 6.9% per year and for a maximum period of 10 years.

An official from SBI Savings Bank explained, “Because the threshold of commercial banks is high, the strategy to increase the medium interest rate is effective in the savings banking sector.”

In the banking sector, even if it is not speculative about this trend of additional loans, it is analyzed that demand is inevitably generated when building a home. They buy and sell many times and seek a house to live for a long period of time, rather than aiming for market price gains.

In the case of self-employed and small business owners, there are increasing cases of attempting additional loans using non-residential real estate as collateral as the economy becomes difficult due to the recent Corona 19. The government provides 10 million won loans and additional loans at an unsecured and low interest rate, but this is not enough.

In fact, looking at the trend from last November, commercial bank loans have stagnated, and real estate mortgage loans in the second financial sector, such as savings banks, mutual finance, and insurance companies, are steadily increasing.

According to the data released by the Financial Supervisory Service, on the basis of the balance, commercial banks decreased to △–3 trillion won in November last year △-3 trillion-500 billion won in December △-2600 trillion won in January this year and △-3 trillion won in February. On the other hand, for the second financial sector, the balance of loans increased to 1.3 trillion won in February, △November of last year -600 billion won △December -400 billion won △January of this year -900 billion won △February.

Jin Sang-woo (38), an office worker, said, “The arrangement of my home that I was planning to do early last year has been delayed due to circumstances. Within a year, the house price under the same conditions has risen close to 100 million won. “To make matters worse, the interest rate for household loans has risen and the loan limit has also been reduced, so I feel unhappy.”

He continued, “When I think of a savings bank, I think of a high interest rate of 20-30%, but I learned that the main charge is in the 4% range, so I first bought a house by adding a loan through a savings bank and paid back a certain portion of the savings bank, and then switched back to a convertible loan to reduce the interest rate burden I have no choice but to ride,” he said.

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