Reported 8 months ago
Taipei report by Sun Binxun on June 20, 2024, at 4:10 PM. The previous housing loan "benchmark rate" of the Shin Genting housing loan will start its selection process in the second half of the year for the new fiscal year. Various government-owned and private banks are actively evaluating whether to participate in the bidding, attracted by the low default rate and specific target group of the Nest Advantage Loans which do not fuel speculation. By providing these loans, banks aim to increase customer loyalty and offer related housing loans to public servants even if they do not win the bid. The Nest Advantage Loans, organized by the Directorate-General of Personnel Administration, target employees within central and local agencies, public schools, and publicly-owned enterprises. The banks believe these borrowers are good clients due to their stable income, clear repayment sources, and fast repayment speed. The participating banks from 2022 to 2024 are Bank of Taiwan and CTBC Bank.
Source: YAHOO