Yongin City Provides Jeonse Loan Interest Support for Newlywed Couples...Up to 1 Million Won

[Suwon Ilbo=Reporter Park No-hun] Yongin City announced on the 1st that it will accept applications for jeonse loan interest support for homeless newlywed couples from the 5th to the 15th.

Applicants must have monthly income at 180% of the median income standard or below (5.86 million won for a two-person household) and be couples who have been married for 7 years or less (based on the date of marriage registration), residing in Yongin City for at least one month as of the application date.

Eligible housing includes apartments, single-family homes, multi-family homes, and officetels with exclusive floor areas of 85 square meters or less and jeonse deposits of 4 million won or less. The applicant must be actually residing in the property, and the jeonse loan purpose must be listed as housing, lease, or jeonse.

Support will be provided within 1% of the jeonse loan balance, up to a maximum of 1 million won annually. If there are many applicants, 150 households will be selected in order of highest score based on evaluation criteria including number of children, length of marriage, income standard, continuous residence period, disability status, and support of direct lineal ascendants.

Citizens wishing to apply should prepare the required documents by referring to the notices on the city's website and visit the Administrative Welfare Center in their residential area to submit an application.

A city official stated, "We hope that the jeonse loan interest support will provide practical assistance to newlywed couples facing difficulties with housing expenses."