Paldal-gu Applications Now Open for Low-Interest Jeonse Loans in the 2% Range

Paldal-gu in Suwon (District Chief Yoon Geon-mo) has revised the standards for low-income household jeonse loan support following recent directives from the city. The district has decided to utilize various promotional channels to ensure that more residents can receive the benefits of low-interest jeonse loans in a timely manner.

The two major revisions include the following: First, regarding vehicle ownership, the loan eligibility that was previously limited to "mid-sized vehicles (under 2,000cc) with vehicles that cannot determine age" has been expanded to include "mid-sized vehicles and vans with a vehicle age of 10 years or older," thereby expanding the loan target to include vans.

Second, regarding real estate ownership, loan eligibility that was previously limited to "cases where a person owns real estate such as clan property or village community property that is difficult to dispose of and has low liquidity, and is recognized by the provincial governor or mayor" has been relaxed to include "cases where a person owns real estate such as clan property or village community property that is difficult to dispose of and has low liquidity, and is recognized by the mayor or county commissioner."

Accordingly, the district has decided to conduct promotions through various channels including Paldal Con (Paldal-gu Architecture Department Twitter), resident autonomous centers, daily newspapers, and real estate agencies, enabling low-income homeless renters to utilize low-interest jeonse loans in the 2% range in a timely manner.