중소기업 청년 전세대출Until December 2023
📍Loan Eligibility
– Head of household without a home with a combined annual income of KRW 50 million or less (single income KRW 35 million or less) and a net worth of KRW 361 million or less
💡Including prospective household heads
– Those who are employed at small or medium-sized companies or those who are receiving youth start-up support from the Small and Medium Business Corporation, Korea Credit Guarantee Fund, and Korea Technology Guarantee Fund.
– Young people aged 19 or older ~ 34 years old or younger
💡Including minors who turn 19 years old on January 1st, if they have fulfilled their military service obligation, the eligibility period is extended in proportion to the period of service, but up to a maximum of 39 years old.
📍Target house
– Houses with an exclusive rental area of 85㎡ or less (including residential officetels of 85㎡ or less)
– Rental deposit less than 200 million won
📍Loan limit
– Limit of 100 million won
– 100% of the deposit amount
💡80% in case of Korea Housing Finance Corporation (HF) general lease fund guarantee
📍Loan period
– Loan period: 2 years (can be extended 4 times for a maximum of 10 years)
💡In case of Housing and Urban Guarantee Corporation (HUG), up to 2 years and 1 month (maximum 10 years and 5 months)
💡Up to 10 years of use, then 2 additional years per minor child at the time of extension (up to 20 years available)
📍Loan interest rate
– 1.5% per annum (fixed interest rate)
💡The base interest rate (variable interest rate) for the support deposit loan is applied from the second extension.
💡No early repayment fee
📍When to apply
– Apply within 3 months from the earlier of the balance payment date on the lease agreement or the move-in date on your resident registration certificate.
– In case of contract renewal, apply within 3 months from the contract renewal date (the date of conversion in case of a conversion contract from monthly rent to jeonse)
📍Warranty type
1) Deposit safe loan guarantee (HUG)
– Availability and limit of warranty are determined depending on the target.
– Guarantee limit: 100% of the rental deposit, up to 100 million won
2) Jeonse fund guarantee (HF)
– Availability and limit of guarantee are determined depending on the income and credit rating of the guarantee applicant.
– Guarantee limit: 80% of the rental deposit, up to 100 million won
📍How to apply
– Online application: available on the Fund e-Dutden website (https://enhuf.molit.go.kr)
– Bank visit application: Available at fund custodians Woori, Shinhan, Kookmin, Nonghyup, and Industrial Bank of Korea.
📍Prepared documents
1) ID card
2) Copy of resident registration
3) Confirmation of health insurance eligibility gain or loss
4) Documents below by income classification
– Earned income: Proof of income amount issued by tax office (home tax)
– Business income: Proof of income amount issued by tax office (home tax)
– Pension income: Pension beneficiary confirmation and other payment institution certificates confirming receipt of pension
💡If the pension amount is not indicated, the pension receipt bankbook
– Other income: Proof of income amount issued by tax office (home tax)
– No income: No reporting facts, proof of fact
5) Housing-related
– Copy of rental (lease) contract with confirmed date
– Certificate of all registration details of the rental housing building
6) Verification of employment in small and medium-sized enterprises
– Small and medium-sized business employees) Business registration certificate of current company
– Confirmation of main industry code]
– Employment Insurance Qualification History Statement (if it is not possible to issue, it can be replaced with Health Insurance Qualification Earnings Statement)
💡For young entrepreneurs, a statement of support for guarantees or loans related to young entrepreneurs (issuer form)
7)Other confirmation
– Documents confirming warranty eligibility
– Collateral provision documents
📍Inquiries
– Housing and Urban Guarantee Corporation Call Center: 1566-9009
– Deposit safe loan guarantee (HUG): Korea Housing and Urban Guarantee Corporation call center (1566-9009) or bank handling business
– Lease Fund Guarantee (HF): Korea Housing Finance Corporation call center (1688-8114) or bank handling business
💡Business handling bank
– Woori Bank: 1599-0800
– Kookmin Bank: 1599-1771
– Industrial Bank of Korea: 1566-2566
– Nonghyup Bank: 1588-2100
– Shinhan Bank: 1599-8000
Housing and Urban Guarantee Corporation / 1566-9009
※ The information in this post is for reference only, and the contents of the announcement may change without notice. For detailed information, please contact the responsible organization.
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