Hana Bank to resume non-face-to-face mortgage lending in November

Hana Bank announced Friday that it will resume non-face-to-face mortgage lending in November.

The products to be reinstated are Apartment Loan 2 and refinancing loans for housing and residential officetel. The resumption is set to take effect Monday.

Hana Bank will also begin offering mortgage credit insurance — known as MCI and MCG — for fixed-and-variable hybrid loans. Enrolling in mortgage credit insurance raises the borrowing limit available to customers, a standard practice among domestic banks.

However, MCI and MCG enrollment for variable-rate loans, which carry relatively lower interest rates, will still not be available.

Hana Bank suspended new non-face-to-face mortgage lending in August. The bank said it is resuming the service after recently securing some additional capacity for household lending.