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Banks closing the lending window at the end of the year… ‘Balloon effect’ seems to be bigger

[앵커]

In response to the financial authorities’ reprimands for the uncontrollable increase in household loans, banks have stepped up to raise interest rates or reduce limits, but are not seeing any effect.

Then, even banks that closed the money line by the end of the year appeared.

People who are in a hurry to get money will suffer.

This is reporter Lee Dong-hoon.

[기자]

Bank household loans increased for one month in November, KRW 1.36 trillion.

It broke the record for the largest increase ever.

Due to the rush of demand for the last car before the financial authorities enforced regulations, the increase in other loans, mostly credit loans, recorded a record high of KRW 7.400 trillion, and the increase in mortgage loans exceeded KRW 6.2 trillion.

Then, following the instructions of the authorities, banks that had tightened credit loans from the end of last month closed the lending window at the end of the year.

Following KB Kookmin Bank’s suspension of recruitment for mortgage and whole-house loans, Shinhan Bank also decided not to accept mortgage loans through lenders.

The same goes for credit loans.

Woori Bank previously stopped selling its flagship products, KB Kookmin Bank decided to block all household credit loans exceeding 100 million won by the end of the year. It was reduced from KRW 200 million to KRW 200 million.

When the money line is blocked, the’balloon effect’ that is pushed to the second financial sector or microloans with high interest rates is realizing.

For example, the increase in household debt in the 2nd financial sector last month reached the highest level in 4 years with KRW 4.4 trillion.

“From 1 finance to 2 finance, and 2 finance to the outside. From a household standpoint, the interest to be paid will be considerably higher…”

Some voices say that preemptive measures should be taken to prepare for the possibility of insolvency in the second financial sector before the end of financial support for Corona 19, such as delay in repayment of interest in the first half of next year.

This is Yonhap News TV Lee Dong-hoon.

Yonhap News TV article inquiries and reports: katok/line jebo23

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