[Breaking News] Korea Housing Finance Corporation Jeonse and Monthly Rent Loan Limit Raised from 70 Million KRW to 100 Million KRW, Bogumjari Loan Increased from 300 Million KRW to 360 Million KRW

[Image source=Yonhap News]

[Asia Economy Reporter Koo Chae-eun] The Democratic Party's Special Committee on Real Estate announced on the 27th that the Housing Finance Corporation's monthly rent loan support limit per person will be expanded from 70 million won to 100 million won. The support limit for the Bogeumjari Loan will also be increased from 300 million won to 360 million won, and the standard for the jeonse loan deposit will be raised from the current 500 million won to 700 million won.

In response to the recent sharp rise in housing jeonse prices and the overall increase in housing costs, the loan limits have been expanded, and the subscription limits for financial products for low-income households have also been increased.

The Democratic Party's Special Committee on Real Estate announced these measures as part of the "Supply, Finance, and Tax Improvement Plan for Housing Market Stabilization." The committee stated, "As an additional support measure for vulnerable groups such as young newlyweds, the loan support limits have been raised."

Support for monthly rent loans for young people through the Housing Finance Corporation's special guarantee will be expanded from a limit of 70 million won per person to 100 million won. Additionally, the public jeonse loan deposit standard will be increased from 500 million won to 700 million won. The Housing Finance Corporation's jeonse deposit return guarantee subscription limit will also be raised to 700 million won.

The Bogeumjari Loan support limit will be increased from 300 million won to 360 million won.

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