SBI Savings Bank Mortgage Loan Interest Rates, Conditions, and Limits

SBI Savings Bank’s mortgage loan product is available for both individual and corporate business owners, and is designed for customers aged 19 or older who can provide income verification. Below is a summary of the interest rates, conditions, and limits for this loan product.

SBI Savings Bank Mortgage Loan Limit

SBI Savings Bank’s mortgage loan allows for borrowing up to 95% of the apartment market value (based on KB Real Estate, Korea Real Estate Agency), with a maximum loan limit of 5 billion KRW.

SBI Savings Bank Mortgage Loan Interest Rate

The interest rates for SBI Savings Bank’s home mortgage loans range from 5.54% to 14.94% per year. The loan interest rate is determined by adding the base rate and the premium rate. The base rate is the new COFIX rate published by the Korea Federation of Banks, and the COFIX rate announced in the previous month of the loan processing month is applied. Customers with a NICE credit score of 430 or higher are eligible.

Base Rate

The new COFIX rate announced by the Korea Federation of Banks is used as the base rate.

Premium Rate

The premium rate is applied differentially, ranging from 4.0% to 7.2%, depending on the credit rating and collateral evaluation.

Loan Term

The maximum repayment period for the loan is 5 years.