Financial Support for Low-Income Jeonse Deposits for Non-Homeowning Households

Suwon City is providing low-interest loan support to low-income non-homeowning tenants who lack sufficient jeonse funds to ensure residential stability.

Eligible applicants are non-homeowning household heads aged 20 or older with dependents who have registered residence in Suwon City for at least six months, with a jeonse deposit of 70 million won or less. Also included are single-person household heads aged 35 or older who have been registered as household heads for at least one year.

However, single-person household heads, those who own real estate, prospective residents and current residents of permanent rental housing and national rental housing, and credit management subjects currently repaying jeonse loans from financial institutions are excluded.

The loan amount is up to 70% of the jeonse deposit (maximum 49 million won per household), but households with three or more children can receive up to 56 million won. Loan repayment terms are available as either 15-year equal principal and interest installments or 15-year mixed repayment, with an annual interest rate of 2.0% applied.

Rental properties with a residential floor area of 85㎡ or less are eligible for support, while properties owned by direct relatives (including direct relatives of the spouse) cannot receive loan support.