UNEXPECTED MORTGAGE RATE
BUY EASILY A NEW CAR OR HOUSE

Individual loan customers.

30/06/2024

We Home Loan real estate mortgage loan:
Interest rate:
– Fixed interest rate for the first 5 years: 6 months: from 5.4%/year, 54 months: 8.1%/year
– Fixed interest rate for the first year: from 5.2%/year
– Fixed interest rate for the first 2 years: from 5.6%/year
– Fixed interest rate for the first 3 years: from 5.8%/year
Floating interest rate: Average 12-month term deposit rate (for individuals) of state-owned banks + 4.0%
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: from 5.8%/year
– Fixed interest rate for the first 2 years: from 7.2%/year
– Fixed interest rate for the first 3 years: from 7.3%/year
Floating interest rate: Average 12-month term deposit rate (for individuals) of state-owned banks + 4.2%
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.)