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As inflation rises, interest rates continue to rise.
As the burden on loan interest increased, the government decided to change the variable rate to a fixed rate, but applications will start from today (15th).
Reporter Kim Beom-joo summarized the conditions and how to apply.
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Safe Conversion Loan is a system designed to provide an opportunity to convert to a fixed interest rate to ordinary people who are suffering from the burden of interest borrowed at a variable rate in a situation where interest rates continue to rise.
First of all, starting today, married couples with combined income of 70 million won or less and having only one house with a market value of 300 million won or less can apply.
If you borrow from the six major banks, you can apply for it on the website or at a branch.
Applications are divided by year of birth and accepted in 5 sub-parts.
Those whose birth year ends are 4 and 9 today, those with 5 and 0 tomorrow, and so on.
If the house price is between 300 million and 400 million won, you can apply for the second application starting on the 6th of the following month.
However, within the 25 trillion won budget secured by the government, candidates are selected in the order of the lowest house price, so if the budget is used up at the time of the first application, the second application may not be accepted.
With a 10-year maturity, you can borrow up to 250 million won at a fixed interest rate of 3.8%, and the longer the maturity, the higher the interest rate.
Existing loans can be converted into safe conversion loans without paying a mid-payment fee.
[Jang Seon-mi / Head of Call Center, Korea Housing Finance Corporation: This time, in the case of a secure conversion loan, the mid-payment fee is waived, so you can apply without worrying about that part.
] There is no need to rush to apply first because house prices are determined in descending order.