Shinhan Bank Allocates Additional 500 Billion Won for Housing Loans

Shinhan Bank has allocated an additional limit for housing loans through loan brokers. This temporary expansion of broker applications aims to enhance loan accessibility for young people and actual homebuyers.

According to the financial sector on September 17, Shinhan Bank has designated a total of 500 billion won for a special limit on housing loans through broker channels. Starting on September 18, 250 billion won will be allocated first, with the remaining 250 billion won to be supplied from October 2. The target audience is individual customers aged 39 and under.

Previously, Shinhan Bank resumed accepting housing loan applications through brokers on September 1, but the influx of applications led to the closure of submissions by 5 p.m. the following day. This special limit is separate from the already exhausted limit for September.

A Shinhan Bank official stated, "We have allocated this special limit to support the government's initiative for youth housing stability and to strengthen financial support for actual homebuyers." The official added, "While managing the overall household loan volume stably, we will carefully ensure that necessary funds are supplied to young people and actual homebuyers without disruption."

Meanwhile, following the recent easing of household loan volume management limits under the 8.13 measures, banks are expanding their lending operations, which they had previously restricted. IBK Industrial Bank also resumed accepting housing loans and jeonse (key money deposit) loans through brokers starting September 15.