Gov't & Welfare · Housing & Urban Fund (Ministry of Land)Estimated
Newborn Special Beotimmok Jeonse Loan (from ~1% rates)
✅ Must-grab💰 Millions of won/yr in interest savings (rates from ~1%)
Jeonse deposit financing at rates from ~1% for homeless households within 2 years of childbirth.
💡 If you're homeless and within 2 years of childbirth, finance your jeonse deposit at rates from ~1% — versus a standard 4% loan, that's millions of won a year in interest savings on ₩240M.
What the ads say
Low-interest jeonse (lump-sum lease deposit) loans for households with a newborn.
How it actually works
Homeless heads of household who gave birth within 2 years of the loan application (children born on or after Jan 1, 2023) can borrow 80% of the lease deposit, up to ₩240M, at rates from ~1%. The gap versus standard jeonse loan rates (around 4%) is the savings — on ₩240M, a 3 percentage-point gap is millions of won per year.
⚠ Traps
- •Income (₩130M combined for couples, ₩200M dual-earner), asset (₩337M or less), and homeless requirements apply
- •Application deadline — within 3 months of the earlier of the balance-payment date or move-in date
- •Deposit caps (e.g. ₩500M or less in the metro area) exclude you if exceeded
✓ Good for
- · Homeless jeonse households that gave birth or adopted within the past 2 years
- · Newborn households on a standard jeonse loan with room to switch over
✗ Not for
- · Households exceeding the income/asset requirements
- · Households that own a home or have no childbirth history
Verification score (rubric)
10 / 12
- Real cash savings
- Ease of conditions
- No traps
- Clear audience
- Validity
- Accessibility
yaho earns nothing from this link — not an affiliate.