Friendly Economy Today (17th), reporter Kwon Ae-ri is also here.
Reporter Kwon, the credit loan regulation measures were announced, but there were many people who were confused about what is changing. Today, let's summarize the contents by case.
First of all, there are two main aspects to the regulation of credit loans announced this time.
Let's sort it out first.
First, if you are a high-income earner with an annual income of more than 80 million won from the 30th of this month, when you try to borrow more than 100 million won with a credit loan, the DSR is applied at 40%.
This means that high-income earners with good credit can use that credit to borrow large amounts of money.
DSR is called the total debt principal and interest repayment ratio in Korean, and it can be said to be the most demanding loan review, which is in principle much stronger than LTV or DTI, which are the concepts we are familiar with when receiving mortgages.
Because I compare the size of my income with all the loans I have, I see my income against almost every debt I owe, including things like car installments and school loans.
But in the past, compared to my income, I gave out a loan even if the size of my debts was quite large.
That is why we were not very conscious of this DSR review.
From the last year, I started to manage this more and more strictly.
Starting on the 30th of this month, when a high-income earner with an annual salary of over 80 million won makes a loan over 100 million won, the loan will be made only at the level where the principal and interest for one year of all debts of this person do not exceed 40% of annual income.
It is a little difficult to say collectively because the size and conditions of the debt owed by each person are different, but after the 30th of this month, my credit limit has decreased considerably, and there will be many people who will see this.
And if you buy a house with the money you received from the loan, the loan will be recovered immediately?
This is true even if you are not a high-income earner with an annual salary of over 8,000.
If you buy a house in a real estate regulated area within one year after receiving a credit loan worth over 100 million won, the loan will be collected.
If it exceeds 100 million won.
However, this is for new credit loans made after the 30th of this month.
Credit loans received up to this month are not eligible.
And this does not apply to the case of extending the maturity of the existing credit loan.
I am trying to extend the maturity of the existing credit loan, but it is already over 40% of the DSR, so it is just extending it.
However, the combined credit loans already received before the regulation and the loans received after the 30th of this month total over 100 million won. Then, both core regulations apply to new loans.
You'll also see the DSR limit, and if you buy a house within a year of making a new loan, you'll have to give it back on the new loan.
For example, there is 100 million won that I borrowed last month, 50 million won on December 1st, and 30 million won in February next year.
It should be someone who has very good credit and does not have a lot of debt. Anyway, this person will buy a house on December 15th next year.
Then, the money you have to repay within two weeks is 30 million won.
The 100 million won borrowed in October of this year and 50 million won over a year after the loan was made at the time of buying a house are not subject to compulsory repayment.
And this negative bankbook, which is often used by office workers, is a representative product of credit loans, right?
It is a kind of credit loan.
So, in the case of a negative passbook, it doesn't matter how much I actually used it, and the time when I made the negative passbook and the limit set at that time are the criteria.
For example, Mr. A, a high-income worker, has only made a negative bankbook with a limit of 150 million won and has never actually deducted money from it.
I just made it.
However, if it is made before November 30th, there is no way for the authorities to regulate it, even if it is to withdraw money up to the 150 million won limit and buy a house the following month after next year.
On the contrary, if you create a negative bankbook after November 30th, then the limit of the negative bankbook that even a high-income earner with an annual income of more than 80 million won will be considerably lower than before.
If you use the bankbook to finance some money and buy a house within a year, the money will have to be paid back within two weeks.
Finally, this credit regulation is not per household.
Because it is money borrowed according to each individual's credit, it is difficult for the country to combine it by household.
So, because the couple is earning double income, they each have credit, so they borrowed a total of 120 million KRW each, and then, when viewed separately, it does not exceed 100 million each.
Within a year after that, the couple bought an apartment, which is not subject to the new regulations.