Changwon City Supports Interest on Jeonse Loans for Newlywed Couples Without Homes ... 1,587 Households Totaling 1.015 Billion KRW

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Saeyan] Changwon City, Gyeongnam Province, announced on the 11th that it has confirmed 1,587 households eligible for interest support on jeonse loans for newlywed couples without homes and will provide a total of 1.015 billion KRW in support.

The support program is a system designed to provide practical help in reducing housing cost burdens for newlywed couples without homes, so that young people do not delay or avoid marriage due to economic reasons.

The eligibility criteria include newlywed couples without homes with an income below 180% of the median income, within 7 years from the date of marriage registration, who have taken out jeonse loans from financial institutions, and both spouses currently residing in Changwon City as of the announcement date.

This year, the number of applicants surged by 250% compared to last year, and an additional 415 million KRW was secured in the supplementary budget to provide support.

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