<Anchor> It is a
friendly economic time.
Today (3rd) will be with reporter Kim Hye-min.
Reporter Kim, it is said that the interest rate of bank loans has been rising since this year.
<Reporter>
Yes, the interest rates on credit loans of the four major commercial banks that are used a lot are continuing to rise.
As of the 25th of last month, the interest rate on credit loans is 2.59~3.65% per year.
Compared to what was possible at least 1.99% in July of last year, it has increased by 0.6 percentage points.
The same amount of borrowing as 100 million won means that the interest owed for a year has increased by about 500,000 won.
The mortgage loans you receive when buying an apartment are also on the rise these days.
The interest rate for the four major banks is 2.34~3.95% per year.
Also, the lowest interest rate rose by 0.09 percentage points from the end of July last year.
Looking at it now, interest rates were very low last year.
This is because the Bank of Korea significantly lowered its benchmark interest rate in a short period to defend the economy as the Corona 19 spread significantly.
So, there were many people who made loans and invested in real estate or stocks, but as interest rates suddenly went up, the interest burden also increased.
<anchor>
However, it is said that the standard interest rate of the Bank of Korea is the standard interest rate for loans to be a little angry every time we talk about interest rates.
However, the Bank of Korea's standard interest rate has remained the same since May last year, but only the bank loan interest rate is rising.
Why is this doing this?
<Reporter>
Yes, I will first explain the formula of the loan interest rate.
It's that simple.
It is determined by adding the additional interest rate to the base rate and subtracting the preferential rate.
Take credit loans as an example.
The basic interest rate, the'bank bond rate', has risen very slightly compared to the middle of last year.
That doesn't mean it raises the loan rate to 0.6%.
So, there are many views that the main reason lies in something else.
The financial authorities have been tightening credit loans since October of last year to block loans to high-income people.
In line with this, banks raised their own additional interest rates and lowered preferential interest rates.
The preferential interest rate is, when you receive a loan, you can deposit several automatic debits or make an affiliate card and the interest rate will be lowered.
It is speculated that it has reduced a lot of such benefits.
Experts have pointed out that if you want to curb lending, you just have to cut the limit, and some banks have even raised interest rates to increase profits.
<Anchor>
Right.
Then, first of all, you may be wondering what to do to reduce interest even a little for those who have borrowed now. Why are there two types of loan products, recently.
So there is a fixed interest rate that has a fixed interest rate and interest rate for a certain period of time, and then there is a variable rate that changes each time.
So, if the interest rises a little like now, is the variable rate better?
How is it?
<Reporter>
Those who have already received loans with variable interest rates seem to have a lot of trouble.
This is because I think that if I change to a fixed rate, I will pay a little less interest when the interest rate rises in the future.
To start with the conclusion, there were many opinions from experts that floating interest rates are surprisingly better even in the current situation when interest rates are rising.
As those of you who have borrowed from banks know, the fixed rate is much higher than the variable rate.
So it's difficult to predict how long it will take for the floating rate to follow up to this fixed rate.
It also means that there is no need to pay an expensive fixed rate in advance by predicting that the loan rate will rise in the future.
<Anchor>
It seems to be good information.
Finally, interest is something that the bank unilaterally decides and informs you.
But he said we could ask for "lower interest."
Is there any way?
<Reporter>
Yes, this is a very good system, but I will explain it in case some people do not know it.
When a bank first runs a loan, it takes into account the market interest rate or the customer's credit standing to set the interest rate.
However, if the customer's credit has improved after taking the loan, it is a bit unfair for the customer to pay the interest as it is.
The right to demand a rate cut is the right to ask the bank to lower the interest I owe in the future.
Individuals, self-employed, and small and medium-sized businesses can also apply.
Not only banks, but also savings banks, credit card companies, and insurance companies are implementing it.
So when can you exercise this right?
This is possible when a job, a promotion, or an increase in wealth.
In addition, self-employed people or business owners can ask for increased sales.
Of course, it is also possible when your credit rating rises.
You can do it both face-to-face and non-face-to-face, but simply submit the application form and related documents.
It is important to note that you can only apply twice within the loan period.
Also, after applying once, additional applications cannot be made within 6 months.
It's a great way to lower your interest rate even a little, so if you're in a situation where you can exercise your rights, please take it as soon as possible.