In the future, young people who receive a 40-year Bogeumjari Loan can adjust the amount of principal repayment by time.
You can set up a way to pay off a small amount at the beginning of the loan and a large amount at a later time.
However, if you hold the loan to maturity, your total interest may be higher.
Reporter Jeon Yeon-nam reports.
40-year Bogeumjari Loan is a fixed-rate loan for young people under the age of 39 and married couples within 7 years of marriage.
However, the government has decided to introduce a cumulative repayment method here in the future.
At the beginning of the loan, you pay less principal and interest, and later, when your income increases, you pay back more.
If a 30-year-old man gets a loan of 300 million won with a maturity of 40 years at an interest rate of 4.6%, he would have to repay about 1.37 million won every month with the conventional method, but if he chooses the multiplication method, he pays off 200,000 won less in the first month.
You can pay a total of 2.28 million won in the first year of the loan, and 15 million won less by the 10th year.
But after that, the burden increases.
As there is a large amount of principal left, the amount to be repaid every month from 14 years and 3 months after the loan is increased compared to the general loan.
When the maturity of 40 years is completed, the total interest increases by 38 million won.
[Yoon Ji-hae / Real Estate 114 Senior Researcher: In fact, we have no choice but to readjust the loan.
During the initial period, the burden itself is not high.
You will have spare money.
If you accumulate and repay some of it and go together, it will actually be less burdensome later.]
After all, if you save a lot of money when you are a beginner and pay it back before the burden increases, you can enjoy the maximum benefit of the system.
If you pay off the loan within three years, you will have to pay an early repayment fee, so it is a good idea to check your repayment plan thoroughly before taking out a loan.
(Video editing: Hwang Ji-young)Keywords: