Youth Beotimmok & SME-Youth Jeonse Loan
A policy loan lending youth jeonse deposits at ultra-low rates around 1%. Youth at small/medium enterprises get a fixed 1.5%.
💡 Commercial jeonse loans run 4–5% vs. the Youth Beotimmok's ~1%. On a ₩200M loan, the rate gap alone is millions of won a year — effectively a loan that discounts your rent.
What the ads say
All jeonse loans are about the same — just go to the bank and take the cheapest one.
How it actually works
The youth-only Beotimmok targets homeless household heads aged 19–34, with rates of 1.3–4.3%/yr (by income and deposit bracket) and a limit of the lesser of 80% of the deposit or ₩200M (₩150M for single-household heads under 25). Youth working at small or mid-sized firms get the SME-youth loan (now merged into the Youth Beotimmok) at a fixed ~1.5%, requiring single-earner annual income of ₩35M or less (₩50M for couples). The term is 2 years with 4 renewals, up to a maximum of 10 years. Apply within 3 months of the earlier of the final-payment date or move-in date.
⚠ Traps
- •Once 3 months pass from the earlier of the final-payment/move-in date, you can no longer apply at all — many people procrastinate after moving in and miss it.
- •The limit is 80% of the deposit, so you need your own funds for the other 20%, and rates jump sharply once you exceed the deposit or income brackets.
- •The SME 1.5% rate hinges on 'working at an SME' — losing eligibility by quitting or changing jobs can flip you to a standard rate at renewal.
✓ Good for
- · Homeless youth household heads aged 19–34
- · Youth working at small or mid-sized firms (1.5% rate)
- · Low-income first-time earners and job seekers
✗ Not for
- · Anyone over the income or deposit ceilings
- · Homeowners
- · Anyone without the 20% self-funded portion of the jeonse deposit
Verification score (rubric)
- Real cash savings
- Ease of conditions
- No traps
- Clear audience
- Validity
- Accessibility
yaho earns nothing from this link — not an affiliate.