<Anchor> This is a
friendly economic time.
Today (23rd) I will be with reporter Kim Hye-min.
Lately, I've heard stories like this, that when we enter the second half of the year, loans will come, but they say that banks are reducing their loans a little bit?
Those who have already taken out loans or those who will receive loans in the future are probably worried. Recently, large banks have stopped new loans one after another.
Nonghyup Bank was the first to block mortgage loans and jeonse loans until the end of November.
Not only home loans, but also credit loans are shrinking one after another.
The limit on credit loans of less than 100 million won was previously 'twice the annual salary'.
It is reported that Kakao Bank is considering reducing the credit loan limit, and some banks are notifying customers that they will reduce the limit and increase the interest rate to customers whose negative account contracts have ended.
If this happens, there is a 'balloon effect' in which demand is driven to banks that are still taking out loans, or if we receive this before the loan is blocked, the 'demand for singers' that does this is also added, creating a 'loan cliff' where other banks' loans are suspended in a chain. It looks like it will become a reality.
Why do banks block loans like this?
Financial authorities have repeatedly warned that household loans are high. In fact, household loans exceeded KRW 1,700 trillion in the first quarter of this year from KRW 1,600 trillion in the first quarter of last year.
So, to tighten bank loans, the government introduced a so-called 'household loan cap system' last April. Banks are asked to manage the growth rate of household loans by no more than 6% compared to last year.
However, at the end of July, Nonghyup Bank, which was the first start of the domino phenomenon to stop lending this time, has already surpassed the cap rate with an increase of 7.1%. So, he took a strong measure to stop new loans.
The remaining banks did not exceed the 6% upper limit, but are suspending some loans in order to cooperate with the financial authorities' loan management plan.
It seems like it will be difficult to get more loans in the future, and it seems that it will become a reality. What is more worrisome is that interest rates are also rising a lot from the point of view of consumers.
Those of you who have recently renewed your loan have probably noticed this. First, lending rates of commercial banks have risen by nearly 1 percentage point over the past year.
The interest rates on credit loans at the four major commercial banks are currently 2.96~4.01% per annum based on the first grade, one-year term.
Remember last year's '1%' interest rate on credit loans appeared. Compared to that time, the minimum interest rate has risen by 0.97 percentage points.
Interest rates on not only credit loans but also mortgage loans are steadily rising. The lowest interest rate for mortgage loans at the four major banks increased by 0.37 percentage points based on variable interest rates.
The reason the loan interest rate rises at a time when the base rate has not yet been raised is because market interest rates such as Cofix are rising in anticipation of economic recovery, and banks are raising interest rates on their own to prevent a surge in household loans. is.
Interest rates are gradually rising due to the government's loan regulations. Even though the base rate has not risen. But now, there is a lot of talk in the market that the base rate is likely to rise soon. Could it go higher?
<Reporter> When the
base rate rises, the market interest rate will also rise accordingly.
Several predictions have been made as to when that time will be. There were a lot of observations that 'it will be this August' of the two hikes this year, and one of them.
The monetary policy direction meeting of the Monetary Policy Committee of the Bank of Korea to decide whether to raise interest rates will be held three days later, on the 26th.
But this time, the 4th COVID-19 pandemic and the 4th stage of distancing are having a serious impact on our economy. This is expected to act as the biggest variable.
Nevertheless, when interest rates rise, borrowers' interest burden increases significantly. In particular, end-users of real estate, single-family homeowners, and people who are looking for a loan to buy a house even now are complaining.
Because of the skyrocketing house prices, I have no choice but to take out a loan, but what if I block this or raise the interest rate?
It is necessary to tighten the household loan, which is called a time bomb, but rather than blocking it unconditionally, it is necessary to release the necessary loan to prevent another side effect.Keywords: