Rep. Kim Hoe-jae Urges Strengthening Protection for Genuine Borrowers Before Household Loan Regulations

92% of Jeonse Anshim Loans for Under 30s Are for Non-Homeowners

[Asia Economy Honam Reporting Headquarters, Reporter Heo Seon-sik] It has been revealed that 92% of those aged 30 and under who received the Jeonse Safety Loan from the Housing and Urban Guarantee Corporation (HUG) are non-homeowners.

There are calls for measures to protect housing stability for actual users to be established before household loan regulations are enforced.

The Jeonse Safety Loan is a guarantee in which the Housing and Urban Guarantee Corporation jointly takes responsibility for the tenant's Jeonse deposit (Jeonse deposit return guarantee) and the repayment of principal and interest on the Jeonse loan from financial institutions (loan special contract guarantee).

Tenants can not only eliminate the risk of deposit return but also secure Jeonse loans at low interest rates.

According to the "Jeonse Safety Loan Status" submitted by HUG to Kim Hoe-jae, a member of the Democratic Party of Korea (Yeosu-eul, Jeonnam), since the classification of borrowers by the number of houses owned began in October 2018, as of September this year, those aged 30 and under have received 242,736 Jeonse Safety Loans.

The loan amount was 35.4642 trillion won.

Analyzing the number of Jeonse Safety Loans by the number of houses owned for those aged 30 and under, the number of loans to non-homeowners was 223,087, accounting for 91.9% of the total.

The loan amount by the number of houses owned also showed a high proportion of non-homeowners.

For those aged 20 and under who received Jeonse Safety Loans, there were 95,732 cases, of which 93,675 cases, or 97.9%, were non-homeowners.

The loan amount for non-homeowners was 11.8565 trillion won, which was 97.4% of the total 12.1668 trillion won.

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