Chunghwa Post Launches Life Insurance-Backed Mortgages with Floating Rates from 2.185%

(CNA, Taipei, 18th, Reporter Yu Hsiao-han) Chunghwa Post announced today that it is launching a real estate mortgage loan business using its life insurance funds, offering different interest rates for different groups. A special plan for military personnel, civil servants, and teachers has a floating rate starting from 2.185%, while the rate for salary deposit account holders starts from 2.38%. Chunghwa Post issued a press release stating that the real estate mortgage loan business, funded by its life insurance assets, is designed to help customers obtain funds for purchasing or renovating homes. Anyone aged 18 to 68, whether a 'policyholder' or 'non-policyholder,' with a stable income, who can provide a house and its land owned by themselves, their spouse, parents, children, or siblings as collateral with Chunghwa Post as the first-priority mortgagee, is eligible to apply for the postal life insurance mortgage. Chunghwa Post stated that it offers preferential mortgage loans to different groups. The 'Favorable Loan for Military, Civil Servants, and Teachers' is designed for current military personnel, civil servants, and teachers, with a current floating rate starting at 2.185%. The 'Postal Premier Loan' provides exclusive benefits for Chunghwa Post life insurance policyholders and salary deposit account holders, with a current floating rate starting at 2.38%. Chunghwa Post also pointed out that 'first-time home buyers' can opt for Chunghwa Post's self-managed 'Youth First-Time Home Buyer Preferential Loan,' with rates divided into a single-stage floating rate (2.305%) or a two-stage floating rate (starting from 2.065%). Chunghwa Post stated that to implement risk control and comply with relevant regulations from the competent authorities, it will comprehensively evaluate the borrower's credit status, repayment ability, and purpose of funds to grant appropriate loan conditions and limits. (Editor: Kuan Chung-wei) 1150518