Daejeon City Provides Financial Support for Youth Housing Lease Deposits and More

Applications available on the Daejeon Youth Portal starting on the 19th

Photo provided by Daejeon City

Daejeon City is promoting the "Customized Housing Support Project for Young People," which provides support for lease deposits and interest on jeonse loans to ease housing cost burdens, the biggest concern for young people about to sign jeonse contracts.

This project is designed to match the household types and life stages of young people, including unmarried youth, young couples, and newlyweds, and is operated as two programs: (1) interest support for housing lease deposits for young people, and (2) interest support for housing jeonse loans for young newlywed couples.

Because each program has different eligibility requirements and partner banks, applicants need to carefully review which support scheme is more advantageous for them before applying.

First, the interest support program for housing lease deposits for young people targets young adults aged 19 to 39 who do not own a home and either live in Daejeon or attend a school or work at a workplace located in Daejeon.

This program supports part of the interest on lease deposit loans required when signing a jeonse contract or a contract for a semi-jeonse or monthly-rent house that meets certain standards, and is divided into two types: "single-person youth households" and "young couples."

For the "single-person youth household" type, loans are available for houses with a lease deposit of up to 200 million won, with a maximum loan amount of up to 100 million won (within 90% of the deposit). Daejeon City supports interest of up to 2.5%. The loan is structured as a lump-sum repayment at maturity with a 2-year term, and if eligibility is maintained, it can be extended in 2-year increments for up to 6 years in total.

For the "young couples" type, loans are available for houses with a lease deposit of up to 300 million won, with a maximum loan amount of up to 200 million won. In addition to the basic interest support, additional support is provided depending on the number of children, allowing interest support within a maximum range of 3.75%, which helps reduce housing cost burdens in the early years of marriage.

In addition, the interest support program for housing jeonse loans for young newlywed couples will also be implemented. It targets newlywed couples aged 19 to 39 who do not own a home and who either have been married for 7 years or less or plan to marry within 3 months. The eligibility threshold has been significantly lowered by setting the combined annual income of the couple at 150 million won or less.

This program applies to houses with a jeonse deposit of up to 450 million won, with a maximum loan limit of 250 million won and interest support of up to 1.6%. The loan period is 2 years, and it can be extended once at maturity, allowing beneficiaries to receive support for up to 4 years.

Applications for both programs can be submitted online at any time through the Daejeon Youth Portal starting February 19, 2026. Once selected as beneficiaries and after the partner financial institution completes its loan review and executes the loan, interest will be supported within the agreed scope. The programs may close early if the budget is exhausted.

Min Donghee, Director General of the Office of Education Policy and Strategy of Daejeon City, said, "We are continuing to provide housing finance support every year so that young people do not have to postpone important future plans such as moving out on their own or getting married due to housing cost burdens," adding, "We hope that young people and newlywed couples who wish to settle in Daejeon will actively utilize this project to secure a stable home."

Further details on eligibility requirements and application procedures can be found in the public notice posted on the Daejeon Youth Portal.

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