Jeonse Loan Up to 200 Million KRW... BNK Busan Bank Signs Business Agreement for 'Busan City Newlywed Lucky7 House Support Project'

(From left) Jo Kyung-sook, Head of Busan-Ulsan Regional Headquarters at Korea Land and Housing Corporation, Choi Jun-woo, President of Korea Housing Finance Corporation, Park Hyung-jun, Mayor of Busan, Ahn Gam-chan, President of Busan Bank, and Kim Yong-hak, President of Busan Urban Corporation, are signing a business agreement for the Busan Newlywed Lucky7 House Support Project.

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Du-yeol] BNK Busan Bank signed a business agreement on the 30th at Busan City Hall with Busan City, Korea Housing Finance Corporation, Korea Land and Housing Corporation, and Busan Urban Corporation to jointly support the ‘Busan City Newlywed Lucky7 House Support Project.’

The agreement was promoted to address social issues such as low birth rates caused by rising housing prices and to achieve housing stability through cooperation between the public and private sectors.

Busan Bank will provide newlyweds moving into public rental housing such as Happy Housing’s ‘Newlywed Lucky7 House’ with jeonse loan funds up to 2 billion KRW within 90% of the lease deposit, offering the loan interest-free.

Korea Housing Finance Corporation plans to provide full credit guarantees for housing lease deposit loans and apply a guarantee fee rate of 0.02% to reduce financial burdens.

Busan City, in consultation with Busan Urban Corporation and Korea Land and Housing Corporation, has secured 130 units of ‘Newlywed Lucky7 House’ and plans to recruit tenants starting in September.

Busan Bank President Ahn Gam-chan said, “Through this agreement, we hope local young people can build families with peace of mind and that an environment for childbirth and child-rearing for newlyweds will be established,” adding, “Busan Bank will continue to do its best as a leading financial institution in the region to ensure citizens’ housing stability.”

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