Gyeongbuk Province Supports Newlyweds' Jeonse Deposit Interest... Expands Eligibility to Those Planning to Move In

Up to 200 Million KRW Annual Support with 3% Interest Rate

Reference photo.

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Dong-wook] Gyeongsangbuk-do is implementing an interest support project for newlywed couples' rental deposit as part of its population inflow policy.

According to Gyeongbuk Province on the 12th, the applicants are newlywed couples within 7 years from the date of marriage registration or prospective newlyweds who are expected to marry within 3 months from the application date. Both the applicant and spouse must have their resident registration in Gyeongbuk Province, and the couple must be non-homeowners with a combined annual income of 90 million KRW or less.

In particular, from this year, the support target has been expanded to newlywed couples who plan to move into the province within one month.

The loan limit is up to 200 million KRW. The supported interest rate is up to 3.0% per annum or less, and support varies depending on income size and number of children. Applications have been accepted since January 1st.

Detailed information can be checked in advance at the partner banks, NongHyup and Daegu Bank. Applications can also be submitted online through the Gyeongsangbuk-do Housing Welfare System.

Governor Lee Cheol-woo emphasized, "By alleviating the housing burden for newlywed couples, we expect to contribute to an increase in marriages and births," adding, "Especially this year, we have expanded the application target to include newlywed couples who plan to move to Gyeongbuk Province within one month."

This content was produced with the assistance of AI translation services.