Busan Bank Signs Business Agreement to Support Rental Deposit for Youth and Newlyweds

From the right in the photo: Busan Bank President An Gam-chan, Busan Metropolitan City Mayor Park Hyung-joon, Korea Housing Finance Corporation President Choi Jun-woo.

[Asia Economy Reporter Kim Hyo-jin] BNK Busan Bank announced on the 18th that it signed a business agreement for the ‘Youth and Newlywed Couple Housing Lease Deposit Support Project’ with Busan Metropolitan City and Korea Housing Finance Corporation at Busan City Hall.

The agreement was promoted to alleviate the housing cost burden of youth and newlywed couples in Busan and to promote housing stability.

Through this agreement, Busan Bank will support youth and newlywed couples in Busan with interest-free loans by subsidizing the loan interest rate (Busan City’s interest subsidy of 1.5% per annum). This is the lowest level among bank sector jeonse loan products.

In addition, within 90% of the lease deposit range, youth can receive loans up to 100 million KRW, increased by 70 million KRW, and newlywed couples can receive loans up to 200 million KRW, increased by 50 million KRW.

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