Shinhan Bank, KB Kookmin Bank Tighten Mortgage Lending on July 10; KB Cuts Limits to 300M Won

According to Yonhapinfomax, Shinhan Bank suspended mortgage credit insurance and guarantee products effective July 10 to manage household debt growth, while exempting group loans and loan rollovers. KB Kookmin Bank restricted mortgage loan limits nationwide to 300 million won, cutting Seoul metro and regulated area caps from 600 million won. Both banks cited proximity to annual household lending targets and risk management as reasons for the measures.
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