It is expected that major commercial banks will further lower their lending rates this week by adjusting spread rates and prime rates.
Starting tomorrow (25th), Hana Bank will lower the interest rates of some face-to-face housing mortgage and charter loan products by up to 0.30 percentage points.
An official from Hana Bank explained, "We decided to lower the interest rate for household loan products focused on end users in order to reduce the financial cost burden on households."
KB Kookmin Bank will also lower interest rates on home mortgage loans and charter loans by up to 1.30 percentage points from the 26th.
If the interest rates of Hana Bank and KB Kookmin Bank are adjusted this week, the upper end of the floating interest rate on mortgage loans above 7% will disappear.