Citibank offers 10-year KHFC mortgage starting from 3.84%p.a.
“Citi’s KHFC mortgage” is available at 3.84%p.a. for 10-year maturity, 3.94%p.a. for 15-year maturity, and 3.98%p.a. for 20/30-year maturity as of February 14. Eligible collaterals are limited to apartments and houses of KRW900 million or below, and the mortgage amount cap is KRW500 million, up to 70% of appraisal value. The EPO fee of 1.5% is waived after 3 years from the execution.
An officer of Citibank said, “This is a good opportunity to significantly reduce the interest expense by refinancing the existing high-priced loan received from other bank to Citibank’s KHFC loan with little burden of registration fee.” “For instance, if you have a loan of KRW 100 million at 5.2%, the incidental expense inclusive of EPO fee(assuming 1%), discount on national housing bond, and stamp tax will be around KRW1.07 million, whereas refinancing with Citi’s KHFC mortgage will lower the interest amount by up to 1.36% which is about KRW 290,000 in the first year only. Furthermore, if there is no EPO fee, you will be able to save KRW 1.29 million in the first year and KRW1.36 million each year from the second year on. Now is the time for financial consumers to make a smart choice,” he explained.
The KHFC mortgage is a product originated by Citibank and purchased by KHFC to issue MBS.
For more details on the product, please visit Citibank homepage www.citibank.co.kr or Citibank branch or contact 1588-5753.
한국씨티은행 개요
씨티은행은 1967년 최초로 한국에 진출한 이래 45년 동안 선진 금융 서비스를 국내 고객에게 제공해 왔으며, 2008년 글로벌 금융위기 때 8억불을 증자해 국내 외환시장 안정에 기여했고, 1970년대 석유 파동시 2억불 차관 제공으로 한국의 무역수지 개선에 기여한 공로로 수교훈장 ‘숭례장’을, 1997년 외환위기 당시 240억불 대외 부채 상환 연장에 기여한 공로로 수교훈장 ‘흥인장’을 받는 등 한국 경제가 어려움에 처할 때에 곁에서 힘이 돼 준 친구 같은 은행이다.
웹사이트: http://www.citibank.co.kr
연락처
Shin, Hyeon Jeong
Communication Dept.
Citibank Korea Inc.
+82-2-3455-2330