Changwon City Supports Interest on Jeonse Loans for Newlywed Couples

Loan Interest Up to 1.2% Within Maximum 1 Million Won

[Asia Economy Yeongnam Reporting Headquarters Reporter Kang Sharon] Changwon City will continue to promote the newlywed support project this year to alleviate the housing cost burden for newlyweds without homes.

In early February, a notice for the newlywed jeonse loan interest support project will be announced, and applications will be accepted at the administrative welfare centers of the respective eup, myeon, and dong where the applicants reside. Support will be provided for up to 1.2% of the jeonse loan interest, up to a maximum of 1,000,000 KRW, to newlywed couples without homes who both have their addresses registered in Changwon City as of the announcement date. For families with children, an additional 20% per child will be added to the support amount, with a maximum support of up to 1,500,000 KRW planned.

With a budget of 500 million KRW and support provided once a year, it is expected to help reduce the housing cost burden for households of newlywed couples without homes who registered their marriage between 2013 and 2019 and have taken out jeonse loans. Lee Jeong-geun, Director of the Urban Policy Bureau, stated, “We hope this will contribute to Changwon’s population policy by alleviating housing burdens and leading to increased marriage and birth rates, and we will continue to implement more diverse housing welfare policies in the future.”

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