Suncheon-si Promotes Interest Support Program for Newlywed Couples' Housing Lease Loans

Up to 100,000 KRW per month for 70 newlywed couples, supported for 2 years

[Suncheon=Asia Economy Honam Reporting Headquarters Reporter Lee Hyung-kwon] Suncheon City, Jeollanam-do (Mayor Heo Seok) announced on the 17th that it will promote the "Newlywed Couple Housing Jeonse Loan Interest Support Project," which provides support for jeonse loan interest to alleviate the housing cost burden of newlywed young couples.

Eligibility requires newlywed couples without a home registered in Suncheon City (within 5 years of marriage registration, both spouses under 39 years old), with a combined annual income of 75 million KRW or less (single-income households 50 million KRW or less).

The target properties include apartments, detached houses, and multi-family houses located in Suncheon City with a jeonse price of 200 million KRW or less and an exclusive area of 85㎡ or less. Selected beneficiaries will receive support for loan interest on new jeonse loans up to 100,000 KRW per month for 2 years (24 months).

A total of 70 households will be recruited and supported, with applications accepted year-round until the budget is exhausted.

Applications can be submitted by visiting the Suncheon City Investment and Job Creation Division with required documents such as family and marriage certificates and income verification documents.

An official from the Investment and Job Creation Division stated, "We will support reducing the economic burden on youth and establishing a foundation for independence, creating a Suncheon where young people settle and return."

For more details, please check the announcement on the Suncheon City website or contact the Investment and Job Creation Division for guidance.

Meanwhile, since 2019, the jeonse loan interest support project has been implemented, and so far, about 80 households have received 110 million KRW in loan interest support, receiving great response.

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