Reducing the interest burden on victims of fraudulent lease contracts… Loan repayment before the end of the lease contract.

, “Starting from the 3rd, tenants who have suffered damage from lease fraud can now switch their existing lease loans to a lower interest victim-specific policy loan even before the end of the lease contract.”,
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, “The Ministry of Land, Infrastructure and Transport announced on the 27th of last month that as a follow-up measure to the ‘Strengthening support for residency stability for victims of lease fraud’, the conditions for victim-specific policy loans for lease fraud victims will be relaxed.”,
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, “Previously, for victims of lease fraud to switch their existing lease loans to a support loan, they had to wait for one month after the end of the lease contract and the registration of the lease rights.”,
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, “In the future, if recognized as a victim of lease fraud under the special law for victims of lease fraud, they can apply for a support loan without the need for registering lease rights before the end of the lease contract, thus reducing the interest burden.”,
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, “Furthermore, for victims who directly bid for lease fraud housing and wish to utilize a home purchase loan called ‘Didimdol Loan’, it used to be that the loan was made after deducting the first priority repayment amount (approximately 80%), but from now on, they will provide a loan of up to 100% of the sales price without deducting the first priority repayment amount.”,
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, “Victims who wish to apply for a victim-specific loan for lease fraud can visit the authorized branches of the five nationwide housing financial institutions such as Woori Bank, Kookmin Bank, Shinhan Bank, Hana Bank, and Nonghyup Bank to apply.”
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