Although there are about three months left until the end of the year, the growth rate of household loans by major commercial banks this year has already reached the 5% target set at the beginning of the year.
Accordingly, following NH Nonghyup, other banks are likely to close some loan windows one after another by the end of the year.
In the midst of this, the financial authorities have variously mentioned the target for this year's household loan growth rate as '5-6%' and '6%', and banks are confused about which standard to manage the total loan volume.
According to the financial industry, the balance of household loans at the five major commercial banks, KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup as of the 7th, stood at 703.4416 trillion won.
This is a 4.97% increase compared to the end of December last year (670,153.9 billion won).
This means that it has reached the lower end of the growth rate target (5-6%) set by the authorities at the beginning of the year.
By household loan type, this year, the top 5 banks' home mortgage loans (including jeonse loans) accounted for 5.09% (473.7849 trillion won → 49789 trillion won), and credit loans 10.14% (117.5 trillion won). 1.3 billion → 1294 trillion won)
In particular, loans for Jeonse loans jumped 15.68% from 10.52 trillion won to 12,171 trillion won in nine months.
It is said that about half (16,498.5 billion, 49.56%) of household loans that have increased this year (33287.7 trillion won) are loans from Jeonse funds.
As the growth of household loans is not easily dampened, banks are increasingly raising their lending thresholds.
On the 29th of last month, KB Kookmin Bank significantly reduced the limits of mortgage loans and group loans all at once by limiting the loan for Jeonse funds to 'within the range of the increase in the rental deposit (jeonset value)'.
However, when the growth rate eventually exceeded 5%, starting this month, we set a loan limit for each branch and tightened household loans.
The maximum amount that can be borrowed within a month is set for each branch, and if it exceeds even a little, the branch's household loan is stopped regardless of the beginning of the month.
From the 15th, Hana Bank, like KB Kookmin Bank, decided to lend only as much as the price of Jeonse increases.
However, in the financial sector, if the pace of household loans does not slow down enough despite these measures, there is a forecast that banks will stop new household loans one after another by the end of the year.
Since August 24, NH Nonghyup Bank has already blocked new mortgage loans, including loans for cheonsei funds, and, although it is not a bank, the Suhyup Federation of Mutual Finance also stopped new household loans for all members and non-members from this month.