Seoul City’s interest support for newlywed couples’ housing loans receives positive response… number of recommendation letters issued doubles.

Recommendation for loan for business application issued last month, doubled from the previous month
Expansion of rental deposit interest support, relaxation of income criteria…alleviation of housing burden,
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Newlyweds
[Source: Yonhap News Agency],
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, ” (Seoul=Yonhap News) Reporter Choi Yoon-seon = Seoul City is gaining positive response among newlyweds for its ‘rental deposit interest support’ program being pursued to alleviate housing burden for newlyweds.”,
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, ” The city revealed on the 8th that the number of recommendation letters issued last month for the ‘rental deposit interest support’ program application doubled to 300 from the previous month (149).”,
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, ‘ This program supports part of the interest on the loan provided by the city when newlywed couples without homes in Seoul borrow rental deposits from banks, including KB, Shinhan, Hana, and Woori.’,
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, ‘ Starting from the 30th of last month, additional criteria for expanding rental loan interest support and relaxing income standards were applied.’,
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, ‘ Eligible beneficiaries are newlywed couples without homes who have been married for less than 7 years or engaged couples without homes planning to marry within 6 months.’,
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, ‘ The housing criteria are homes or residential officetels with a deposit of up to 700 million won, with a maximum loan limit of 300 million won (within 90% of the rental deposit) and a maximum loan and interest support period of 10 years.’,
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Seoul City, Newlywed Rental Deposit Interest Support Program
[Provided by Seoul City. Redistribution and modification prohibited.],
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, ‘ In order to provide a stable housing environment before and after childbirth, the city has eased the income standards for newlyweds from the existing 97 million won to 130 million won and expanded support rates based on income.’,
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, ‘ For newlyweds raising children, the additional interest rate support for children has been expanded from a maximum of 0.6% (0.2% per child) to a maximum annual rate of 1.5% (0.5% per child).’,
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, ‘ Furthermore, to protect rental deposit from scams, the city supports the full amount of the rental deposit return guarantee premium up to a maximum of 300,000 won for new loan applicants.’,
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, ‘ The expanded benefits can be applied from the date of enforcement on the 30th of last month for new loan applicants and existing loan extension applicants.’,
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, ‘ Detailed information can be found at the Seoul Housing Portal (housing.seoul.go.kr).’,
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, ‘ For more information on support, you can inquire at the Seoul Rental Support Center (☎ 02-2133-1594∼1596) or call 120 Dasan Call Center.’,
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, ‘ Seoul City’s Director of Housing Policy, Han Byung-yong, said, “Through satisfaction surveys on future projects, we will listen to various opinions from citizens and improve the system. We will pursue policies that are truly helpful for newlyweds, including long-term rental housing for newlyweds after 20 years (long-term rental housing II).”‘,
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, ‘ [email protected]’,
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