How to Minimize Prepayment Penalties
This is a summary of Korean tax and finance rules. The full article is available in Korean.Switch to Korean (KO)
Korean mortgage prepayment penalties are typically proportional to remaining loan term. This guide explains the formula, shows when penalties drop to zero (usually after 3 years), and helps calculate the optimal prepayment timing.
Related Calculators
All calculations use 2026 official Korean government rates. Amounts are in Korean Won (KRW). Input data never leaves your browser.