The negative account limit will be increased.
Since September of last year, the limit of negative bankbooks of the four major banks, which were tied to the limit of 50 million won, and the limit of credit loans for employees will be raised at once.
Last year, major banks in the market drastically reduced negative loans due to the financial authorities’ pressure on lending regulations. However, banks that have been in the process of regulating loans are loosening the lock on credit loans such as negative bankbooks following cheonsei loans.
Today, we will look at the negative account limit of the four major banks and the amount to be increased.
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What is a negative account?
Increase of negative passbook limit by bank
Change of policy to restrict non-face-to-face applications
Deposit 80% of the limit of the Jeonse Loan
Relaxation of various loan regulations
What is a negative account?
money giving man
A negative bankbook is simply a bankbook with a negative function added to the savings account. 마이너스통장 한도 증액
For example, assuming that the negative account limit is 10 million won and the current balance in the negative account is 1 million won, a total of 11 million won can be used. 좋은뉴스
Interest is a product that pays interest only on the amount borrowed, not on the amount you own.
Increase of negative passbook limit by bank
[Our bank]
From April 4, the limit on bankbook loans for credit loan products will be increased from 50 million won to 80 million won to 300 million won depending on the type of product. It has been a year and two months since the limit of all negative bank accounts was lowered to 50 million won in January last year.
In addition, from the 4th of next month, Woori Bank is said to increase the limit of its representative credit loan product, ‘Woori Won’s Employee Loan,’ from the current 100 million won to 200 million won.
>>Go to Woori Bank
[KB Kookmin Bank]
KB Kookmin Bank raises the negative bank account limit to 100 million won for products for general office workers and up to 150 million won for products for professional groups.
Since the 7th, KB Kookmin Bank has increased the limit of credit loan (minus bankbook) products with a limit transaction method up to 150 million won for products for professional groups (KB Doctor Loan, KB Loan Loan, Ace Professional Unguaranteed Loan, etc.), and products for general office workers. (KB employee care credit loan, KB salary transfer credit loan, headquarters approved group credit loan, etc.) increased to 100 million won.
>> Go to KB Kookmin Bank
[Hana Bank]
At the end of January this year, Hana Bank also raised the limit of bankbook loans for ‘Hana One Q Credit Loan’ from 50 million won to 150 million won. We returned the negative account limit for 8 major credit loan products to the level before August last year.
>> Go to Hana Bank
[Shinhan Bank]
Shinhan Bank is also planning to restore the negative bank account and general credit limit by the end of March or early April at the earliest.
Currently, Shinhan Bank’s negative account limit is also limited to 50 million won, and regardless of credit, ordinary employees cannot get more than 150 million won in credit loans.
>> Go to Shinhan Bank
[NH Nonghyup Bank]
The Nonghyup raised the limit of credit loans to a maximum of 250 million won through two upward revisions in January and February. Other banks are also considering reinstating their credit limit.
>>Go to NH Nonghyup
For reference, banks’ general credit loan limits are also being expanded.
Change of policy to restrict non-face-to-face applications
The policy of limiting non-face-to-face applications, such as mortgage loans for the purpose of changing loans, large credit loans, and single-family jeonse loans, will also disappear.
From the 28th, Kookmin Bank said it will allow non-face-to-face applications for repayment conditional loans, which convert another bank’s mortgage loan to Kookmin Bank’s loan product.
Woori Bank is also said to be lifting the limit of ‘100 million won in credit loans to other banks’, which was applied to new credit loans through apps and other non-face-to-face, starting from the 4th of next month.
Deposit 80% of the limit of the Jeonse Loan
Recently, the five major commercial banks have raised the limit on the Jeonse loan, which they paid only for the increase in the Jeonse price, to 80% of the rental deposit when renewing the global contract, and extended the loan application period.
It is expected that banks will continue to lower the lending threshold for the time being. When LTV and DSR regulations are relaxed, loan demand is expected to rise again.
Relaxation of various loan regulations
Various lending regulations of commercial banks, which were implemented last year as the financial authorities strengthened household debt management, have begun to loosen in earnest.
Most of the regulations went back to before the enforcement of measures to strengthen household debt management, such as limiting the negative account limit to 50 million won and limiting credit loans to within the annual income.
However, although household loans are on the decline, some say that if the new government’s easing of loan regulations and banks’ lowering of loan thresholds go hand in hand, household debt could surge again.