Miryang-si Implements Interest Support Program for Newlywed Couples' Home Purchase Loans

Loan Interest Support for Newlyweds' Housing Stability... Up to 750,000 KRW

Miryang City in Gyeongnam announced on the 28th that it will accept applications for the first half of the year for the "Newlywed Couple Housing Purchase Loan Interest Support Project" from April 1 to 12.

This project, aimed at helping newlywed couples achieve housing stability, provides support for interest paid on loans taken out for home purchases. It covers up to 750,000 KRW of the interest paid between July and December of last year, within 3% of the outstanding loan balance (up to 50 million KRW).

Miryang City Hall.

Eligible applicants must be newlywed couples registered as residents of Miryang as of the announcement date, married within the last five years, and meet the following criteria: combined annual income of 80 million KRW or less as of 2023, exclusive area of 85㎡ or less, ownership of only one house (including all household members), and a housing price of 400 million KRW or less.

Applications can be submitted by downloading the required documents from the "2024 Newlywed Couple Housing Purchase Loan Interest Support Project" announcement on the Miryang City website under Notices and Announcements, and then visiting the City Hall Architecture Division in person, or by applying online through the Gyeongnam Baro Service.

Yoo Jae-gwan, head of the Architecture Division, stated, "We will strive to reduce the housing cost burden for newlywed couples struggling with high interest rates and promote various housing welfare projects to make Miryang City a better place for young couples to live."

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