Jungnang-gu Promotes 'Safe Home Repair Loan and Support Project'

Loan and Interest Support for Repair Costs of Low-Rise Aged Houses Over 20 Years in the Area
0.7% Low-Interest Loans and Up to 2% Interest Support
Loan Support Until June, Interest Support Until December, Ongoing Applications at Jungnang House Repair Support Center

Jungnang-gu (Mayor Ryu Kyung-gi) is implementing the 'Safe Home Repair Loan and Interest Support Project' to enable repairs of low-rise aging houses over 20 years old through low-interest loans.

This initiative was established to reduce the financial burden of home repairs on residents and to improve the performance and living environment of aging houses.

The 'Safe Home Repair Loan and Interest Support Project' offers two types of support: loan support and interest support, covering up to 80% of repair costs, with a maximum of 60 million KRW.

Loans are provided at a fixed interest rate of 0.7% per annum for low-rise houses (detached, multi-family, multiplex, and row houses) that have been approved for use for over 20 years. Interest support is available for low-rise houses approved for use over 10 years ago, covering up to 2% of the market interest rate.

Loan support applications can be submitted from February to June for five months until the budget is exhausted, while interest support applications are accepted year-round from February to December. Both loan and interest support applications can be made at the Jungnang Safe Home Repair Support Center.

Applicants should first visit one of the eight Shinhan Bank branches to confirm loan eligibility, then consult and apply through a coordinator at the Jungnang Home Repair Support Center.

For more details, please check the announcement and notice board on the Jungnang-gu Office website or contact the Jungnang Home Repair Support Center and the Housing Improvement Division by phone.

Mayor Ryu Kyung-gi of Jungnang-gu said, “I hope the Safe Home Repair Loan and Interest Support Project will be of great help to residents who have struggled with costs when repairing old houses,” and added, “We will continue to strive to provide a pleasant and safe residential environment in Jungnang-gu.”

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