The financial authorities are scheduled to announce a household debt management plan in the middle of next month.
This management plan is expected to include a plan to strictly manage the total debt principal repayment ratio and DSR ceiling, which are managed by the average of each bank, even to borrowers who borrow money.
DSR is an index that calculates the principal and interest repayment burden on all loans of the borrower during the loan review, and reflects the principal and interest burden of all financial sector loans, including credit and card loans, as well as mortgage loans.
At this time, it is pointed out that this ratio should not exceed 40% on average for each bank, and as a result, loans exceeding DSR 40% for each borrower are being made, and there is a problem with equity.
An official from the financial authorities said, “The 40% DSR regulation only applies to borrowers who receive new loans after the time of application.”
–
Provision of articles and press releases [email protected] / copyrightⓒ tbs. Unauthorized reproduction & redistribution prohibited
