Key Details
After internal meetings, IBK decided to resume two types of conditional jeonse loans starting May 9:
- Loans conditional on cancellation of senior liens
- Loans conditional on disposal of owned properties
The bank had suspended these since September last year to block gap investments (buying homes with jeonse deposits).
Bank Statement
An IBK official explained, “This aligns our jeonse loan regulations with other banks to expand our customer base.” Shinhan Bank restarted owner-change conditional jeonse loans outside Seoul from May 2.