Jeongeup-si Supports Interest on Jeonse Loans for Newlywed Couples

[Asia Economy Honam Reporting Headquarters Reporter Kim Jae-gil] Jeongeup City in Jeonbuk announced on the 1st that it will support the interest on housing jeonse loan funds for newlywed couples in the region to stabilize their housing.

The newlywed couple housing jeonse loan interest support project is a system that supports newlywed couples up to 1 million KRW once a year within 1% of the outstanding balance of the jeonse loan.

It is promoted to encourage marriage and increase the birth rate by alleviating the housing cost burden of newlywed households without housing and creating stable residential conditions.

The support target is newlywed couples without housing within 5 years from the date of marriage registration (April 1, 2016 - March 31, 2021).

As of the application date, both spouses must have been registered residents in Jeongeup City for more than 6 months, and the combined annual income of the couple must be 80 million KRW or less.

However, recipients of basic livelihood security benefits and residents of public rental housing are excluded from the support target.

The support amount is 1% of the outstanding balance of the housing jeonse loan, up to a maximum of 1 million KRW, paid once a year, and supported for up to 5 years if support conditions are maintained.

Applications for the project can be submitted by bringing required documents such as proof of housing jeonse loan, lease contract, ID card, and a copy of the bankbook to the town or township office and the dong community center of the resident registration address by the 23rd.

For more details, inquiries can be made through the Jeongeup City website, town or township offices, dong community centers, or the Jeongeup City Growth Strategy Office.

Mayor Yoo Jin-seop said, “The newlywed couple housing jeonse loan interest support is a measure that alleviates the housing cost burden, which accounts for the largest portion of marriage expenses, and is expected to help solve the young generation’s reluctance to marry and the low birthrate problem.”

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