Total arrangement of lease loans for young people employed by small and medium-sized enterprises!
1. What is a lease loan for young people in small and medium-sized enterprises?
The lease loan for young people in small and medium-sized enterprises is a loan that provides up to 100 million won in lease deposits at a low interest rate of 1.2 percent to young people employed in small and medium-sized enterprises.
2. Subject to loan
���� A person who has signed a housing lease contract and paid more than 5% of the lease deposit.
���� As of the date of receipt of the loan, the heads of households under the age of 34 and those who are expected to be heads of households under the age of 34 under the Civil Act
����Houseless household members, including the head of the household
���� Non-users of Housing and Urban Fund Loans, Bank-funded Jeonse Loans, and Mortgage Loans
�� A person with an annual income of less than 50 million won (3500 won for single-income households or single-family owners)
���� Loan applicant and Banker’s combined net asset value is less than or equal to the average value of all households ranked third in the “Status of assets and liabilities by income quintile” of the recent Household Financial Welfare Survey released by Statistics Korea Statistical Office.
* 3.2.5 billion as of 2022
��û Loan is not possible if the applicant (including joint guarantors) has the following credit information and cancellation information prescribed by the Korea Credit Information Service’s Credit Information Management Protocol.
* Delinquency, subrogation/payment, bankruptcy, related person information, financial order disturbance information, public record information, special record information, credit recovery support registration information
��If the couple is restricted from lending due to the internal regulations of the loan handling agency, the loan cannot be made.
����Not allowed if you live in a public rental house as of the date of receipt of the loan
���� Loan can be made if the object of the loan application is the object or if the applicant and spouse leave the house.
���� As of the date of receipt of the loan, employees of small and medium-sized enterprises or young entrepreneurs
�� In the case of employees of small and medium-sized enterprises, loans are excluded if the affiliated enterprises fall under large corporations, speculative industries, public enterprises, etc., or are public officials.
3. Time to apply
��Applicable within 3 months from the earliest date of payment of the balance under the lease contract and the transfer date under the resident registration copy.
��In case of contract renewal, you can apply within 3 months from the date of contract renewal.
4. Loan limits and target housing
The target house can only be rented with an area of less than 85�� and can only be applied with a lease deposit of less than 200 million won.
The loan limit can be up to 100 million won, and 100% of the lease amount can be borrowed when renting a housing city fund, and 80% of the loan is available if it is a general lease guarantee from the Korea Housing Finance Corporation.
��However, the loan limit may be limited to 20 million won for those who have worked for less than one year.
5. Loan Interest Rates and Term of Use
Rental loans for young people in small and medium-sized enterprises can be borrowed at a low interest rate of 1.2%, and two years are valid at the initial contract.
A total of four extensions are possible, so you can use the loan for up to 10 years.
6. How to pay and repay loans
In principle, loans are deposited into the lessor’s account after applying for a loan, but if the lessor has already paid the lease deposit, it can be deposited into the lessor’s account.
Repayment must be made temporarily, and the lessor is obligated to return the deposit, so the lessor will repay the entire loan to the bank at the expiration of the contract.
7. How to apply for a loan
��Online application: You can do it on the fund’s e-den website.
��Application for bank visit: It is possible at Woori, Shinhan, Kookmin, Nonghyup and Industrial Bank of Korea, which are fund-trusted banks.
8. Usage Procedures
1. Confirmation of loan conditions 2. Application for a loan 3. Property Review 4. Results of Property Review
transmission of information 5. Submission of documents and
further examination proceedings 6. Approval of Loan
and implementation
fund portal or
through bank consultation
basic loan information
with a bangPerson online application
Or
bank visit application property information
post-collection review loan applicant
Send results to number at a bank branch
after submission of necessary documents
income review,
collateral examination availability of loans and
Check the limit.
execution of a loan
�ڻ�For more information on the property review, please refer to the fund withdrawal [Customer Services > Property Review and Interest Rate Guidelines > Property Review Guidelines ]
9. PREPARATION Papers
�� Identification document: Select one out of resident registration card, driver’s license, and passport.
��Copy of resident registration card
�ش�If applicable, the following additional documents are attached.
��A draft of resident registration if necessary, such as confirmation of the period of the marriage.
��Family relationship certification center for single-family owners or spouse-separated households
��If your spouse is a foreigner, a foreigner, or a foreigner, a certificate of registration of alien registration or a certificate of fact of domestic residence.
��Wedding contract or wedding invitation if you are planning to get married
�� Confirmation of employment and business: Health insurance qualification certificate
��In the case of earned income earners, a certificate of employment with a business registration certificate
��Business registration certificate for business income earners
��If you cannot submit the above documents, you can submit a certificate of experience, a certificate of appointment, an employment contract, etc.
�� Income confirmation
earned income �Ʒ�Please select one of the following.
��Certificate of income issued by HomeTax
�� Certificate of income verification for ISA membership
�� Withholding receipt for year-end settlement (including source collection)
��Certificate containing salary details (required to seal the employee company): salary statement, wage ledger, confirmation of withholding of Gap Geun Tax, statement of daily earned income statement
business income �Ʒ�Please select one of the following.
��Proof of income issued by the tax office (home tax)
�� Certificate of income verification for ISA membership
�� Business income withholding receipt (for year-end settlement)
�� Final tax base report and payment statement for the previous year confirmed by the tax accountant
pension income ��Payment agency certificate that can confirm receipt of other pensions such as confirmation of pensioner
(If the amount of pension received is not indicated, the account of pension received)
other income ��Proof of income issued by the tax office (home tax)
income-free ��Certificate of fact that there is no fact to report
�� Regarding housing: Copy of the lease contract with a fixed date, certificate of all registered matters of the rental housing building.
�� Confirmation of employment at SMEs
��Employed persons in small and medium-sized enterprises: Certificate of employment company business registration, confirmation of main industry code, employment insurance qualification history statement or health insurance qualification statement
��Young entrepreneurs: Statement of support for young entrepreneurship-related guarantees or loans
