중소기업 청년 전세자금대출 조건easy table of contents
Do you think it is difficult to get a lease loan because you work for a small business?
NO! Absolutely not!
Rather, it is much easier to purchase a house for rent through ultra-low interest rates for small and medium-sized businesses and young people!
In this article, we will kindly explain all the information and benefits of small and medium-sized business youth jeonse loan for you in just one minute!
The small and medium-sized youth jeonse loan is a system that provides jeonse funds to young people working at small and medium-sized businesses.
The loan limit is up to 100 million won, the loan interest rate is 1.5% per year, and the loan period is initially 2 years and can be extended up to 10 years.
The loan limit for small and medium-sized youth jeonse loans varies depending on the period of employment.
For those who have been employed for more than one year, the loan limit is increased to 100 million won.
Employees who have been employed for more than one year can apply for a loan up to 100 million won only if they have received salary for more than 12 months.
For those who have been employed for less than one year, the loan limit is limited to 20 million won.
For employees who have been employed for less than 1 year, you can apply for a loan only if you have worked for at least 1 month and received full salary.
For small and medium-sized youth jeonse loans, employment status is confirmed only up to the balance payment date, and after that, the loan is maintained regardless of employment status. In other words, your loan will not be canceled even if you quit your job.
However, if you fail to find re-employment at a small or medium-sized company within 3 months after leaving the company, the Small and Medium Business Administration jeonse loan cannot be extended.
In order to extend the Small and Medium Business Administration’s lease, all of the following conditions must be met as of the extension date to extend the lease for an additional two years.
The existing small and medium-sized business youth jeonse loan was scheduled to operate only until 2023, but the government decided to extend it for one more year until 2024.
The small and medium-sized youth jeonse loan is part of the government’s housing stability support policy for young people, and is operated with the purpose of helping young people employed in small and medium-sized businesses to secure stable housing.
Applications for the 2024 Small and Medium Business Youth Jeonse Loan can be made from January 1, 2024, and applications can be made through the Korea Housing Finance Corporation’s website or mobile app.
And, in 2024, the conditions for small and medium-sized business youth jeonse loans have been partially relaxed as follows.
Korea Housing Finance Corporation’s general lease loan is a product in which the Corporation provides collateral (guarantee) upon the bank’s request when lending jeonse funds.
Guarantee recipients are Korean citizens aged 19 or older who meet all of the following requirements, and the funds eligible for guarantee are less than 80% of the rental deposit.
Housing stability monthly rental loan is a low-interest loan product supported by the government to relieve the monthly rent burden of low-income people. It is operated through the Housing and Urban Fund, and loans of up to 14.4 million won are possible.
Learn more
LH Youth Jeonse Rental Housing is a financial product that provides hope to young people who have bowed their heads due to greatly increased jeonse prices.
Learn more
The youth support jeonse loan is a government-supported loan that helps young people between the ages of 19 and 34 find stable housing.
Learn more
Learn more
In August 2023, at the age of 28, I finally finished my hard life at the gosiwon and established my dream home in Seoul.
The reason why all of this was possible was because of small and medium-sized youth jeonse loans.
1 year as an office worker, monthly salary of 3 million won… Every day at the gosiwon, I constantly worked toward my dream amidst the sounds of cell phones and snoring from people next to me.
And finally, I was able to get a small two-room house with a lease loan of 80 million won from the Small and Medium Business Administration.
Although not large, this cozy space filled with warm sunlight has now become more than just a home for me, it has become my own resting place and a stepping stone toward my dreams.
The small and medium-sized business youth jeonse loan is a government-supported system that allows young people working at small and medium-sized businesses to borrow the jeonse deposit, and is usually referred to as the ‘Small and Medium Business Administration jeonse loan.’
You can borrow up to 100 million won, and the interest rate is very low at 1.5% per year.
Some conditions have been relaxed in 2024 as follows:
Previously, only young people who joined the company after January 1, 2023 were eligible, but the date limit for joining the company was abolished in 2024.
Previously, only the head of the household or spouse could apply, but in 2024, even those who plan to become the head of the household within 3 months can apply.
If you search on the Internet, you can find many reviews. It turns out that most people are satisfied with low interest rates.
When applying for a loan, you must have at least one year of employment. As an exception, you can apply even if your period of employment is less than one year, but the loan limit is very limited at 20 million won.
Even if you leave the company after the small business youth jeonse loan, the loan will be maintained for the duration of the lease contract.
However, the loan can be extended at the next lease renewal only if you are re-employed at another small or medium-sized business within 3 months of leaving the company.
Q. Who are eligible to apply for extension of jeonse loan for small and medium-sized youth?
Interest rates vary depending on the number of extensions.
Reference site: Housing and Urban Fund
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