[Korea Selected financial newspaper reporters] KB Kookmin Bank when the loan examination from the 17th to introduce the total debt repayment ratio (DSR) indicators that perfect world than the debt-to-income ratio (DTI).
According to the financial industry, the 17th, KB Kookmin Bank is the principal and interest payments on loans to total new loans this week was to devise a DSR basis not to exceed three times the annual income at 300%.
KB Kookmin Bank official explained that "to be able to flexibly apply the allowable range depending on the type of loan, credit ratings.
DSR is a numerical value obtained by dividing the borrowers mortgage loans, the annual principal and interest payments in total loans, including credit received from all financial companies with an annual income. It comes the ability to pay off debt rating ranges from DTI to credit card payments, car payments, minus the loan account were not regulated.
For example, DSR based on 300% if salary 50 million won workers a mortgage 400 million won (20 years principal and interest equal amortization, annual 4.0%), if you receive a credit 120 million won (annual 5.0%) to get another loan You can not. State mortgage principal and credit interest, and usually face a one-year pay the principal amount of credit a total annual principal repayments (155 million won) because it exceeds three times the annual salary.
The financial authorities are planning to take advantage of ever demonstration when lending banks reviewed next year to develop a standard model DSR year and come over effect from 2019. The government has followed the bank considering the introduction of the DSR in mortgage loans in the non-banking sector, including savings banks.
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