Loans

Mortgage rate going down, Catch a new car or house

  1. Program name: MORTGAGE RATE GOING DOWN – CATCH A NEW CAR OR HOUSE
  2. Eligibility: Individual loan customers.
  3. Time: From February 28, 2023 until the notice of stopping from Woori Bank.
We Home Loan real estate mortgage loan:
 
  • Interest rate:
– Fixed interest rate for the first year: 8.9%/year
– Fixed interest rate for the first 2 years: 9.9%/year
– Fixed interest rate for the first 3 years: 10.1%/year
Floating interest rate: Average 12-month term deposit rate (for individuals) of state-owned banks + 3.8%
  • Loan limit: Up to 80% of collateral value
  • Loan period: 6 months to 360 months (30 years)
My Car Loan product:
 
  • Interest rate:
– Fixed interest rate for the first year: 9.9%/year
– Fixed interest rate for the first 2 years: 10.4%/year
– Fixed interest rate for the first 3 years: 10.9%/year
Floating interest rate: Average 12-month term deposit rate (for individuals) of state-owned banks + 4.0%
Particularly for partners Hyundai and Ford, the respective interest rate decreased by 0.4%/year
  • Loan limit: Up to 80% of vehicle value
  • Loan period: 6 months to 84 months (7 years)
How to Apply
Step 1: Customers submit loan documents at Woori Bank
Step 2: Woori Bank processes customer appraisal
Step 3: Notice on loan appraisal
Step 4: Contract signing and disbursement at Woori Bank Branch
Step 5: Loan disbursement 
 
Documentation requirements
⇨ Valid ID/Passport
⇨ Confirmation of resident
⇨ Marital status confirmation
⇨ Proof of income 
⇨ Vehicle records (Purchase contract, payment documents, invoice, etc.)

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