Table of Contents
- Robust Support from Busan City for Newlyweds to Secure Their Own Home
- Relaxation of Support Conditions... Dual-Income Couples Also Eligible
- What Are the Selection Criteria and Application Procedures?
- Mobile Application Available... When Will Results Be Announced?
- Conclusion – Practical Housing Support for Newlyweds
- Frequently Asked Questions (FAQ)
Robust Support from Busan City for Newlyweds to Secure Their Own Home
Busan City is recruiting applicants for the 'Newlywed Housing Loan and Interest Support Program' to be implemented in the third quarter of 2025. The application period is from June 27 to July 10, with support for a total of 400 households.
This initiative aims to promote housing stability for newlyweds without housing and encourage marriage and childbirth. The support includes providing loans of up to 200 million won for rental housing with a deposit of up to 400 million won, and maximum annual interest support of 2% for 2 years.
Relaxation of Support Conditions... Dual-Income Couples Also Eligible
Since October of last year, Busan City has improved support policies for newlyweds to allow more households to benefit.
The combined annual income limit has been raised from 80 million won to 130 million won, and the rental deposit limit has increased from 300 million won to 400 million won.
As a result, dual-income couples and middle-class newlyweds can now participate in the support program; in fact, in the first quarter of this year, 1,790 households received interest support. This change is expected to have a positive impact on many newlyweds.
What Are the Selection Criteria and Application Procedures?
The eligibility requirements for application are as follows.
Newlyweds without housing or couples intending to marry who reside in Busan are eligible. Couples who have been married for less than 7 years and couples planning to marry within 3 months are included.
Their combined annual income must be 130 million won or less, and the rental deposit must not exceed 400 million won.
Additionally, a lease contract with a confirmed date for a house (including apartments) or residential officetel must be signed by July 9.
The loan limit is set at a maximum of 200 million won, allowing borrowing up to 90% of the deposit. The loan interest rate is provided at a fixed rate of 3.5% per annum. The city provides interest support of up to 2.0% per annum; for those with an annual income of 100 million won or less, the support is 2.0%, while for those exceeding 100 million won, it is 1.8% support.
The support period is generally 2 years, but can be extended by 2 years for each child born, allowing for support of up to 10 years.
However, it is important to note that existing beneficiaries, public rental residents, basic livelihood recipients, and those who sign lease contracts with their parents are excluded from the support program.
Mobile Application Available... When Will Results Be Announced?
The application for the newlywed Jeonse loan can be made through the Busan Bank mobile app from June 27 (Thursday) at 9 AM until July 10 (Wednesday) at 4 PM.
The application process can be completed by entering the loan menu, selecting the agreement, and reservation items, and then proceeding with the pre-application for the newlywed Jeonse loan.
The selection results can be confirmed on July 15 on the official Busan city website (www.busan.go.kr/childcare/childcare010106).
The loan execution period is set from July 30 to September 30. However, even after being selected, there is a possibility of failing the loan review, so this point should be noted.
Conclusion – Practical Housing Support for Newlyweds
This program goes beyond simple loan support and is part of a policy to promote marriage and encourage childbirth. This is a great opportunity to substantially reduce housing costs, so newlyweds who meet the requirements are strongly encouraged to apply.
Details can be found in the public announcement section of the official Busan city website. For additional inquiries, you can contact the Busan Bank call center or visit a nearby branch. We hope many newlyweds benefit from this opportunity.
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Frequently Asked Questions (FAQ)
Q. What is the application period and scale for the Busan City Newlywed Housing Loan and Interest Support Program?
The application period is from June 27 to July 10, supporting 400 households.
Busan City is recruiting applicants for the newlywed housing loan and interest support program to be implemented in the third quarter of 2025. The application period is from June 27 to July 10, providing support to a total of 400 households. This program aims to ensure housing stability for newlyweds without housing and must be applied for within the limited time to benefit.
Q. How have the income and deposit criteria for newlywed support beneficiaries been changed?
The combined annual income limit has been raised from 80 million won to 130 million won, and the rental deposit limit has been raised from 300 million won to 400 million won.
The support criteria have been adjusted to allow dual-income couples and middle-class newlyweds to benefit by raising the combined annual income limit from 80 million won to 130 million won. Furthermore, the rental deposit criteria have been eased from 300 million won to 400 million won, allowing applications for a wider range of housing. These relaxed conditions have resulted in a positive outcome, with 1,790 households receiving interest support in the first quarter of this year.
Q. What are the specific eligibility requirements for the support-targeted newlyweds?
Eligible are newlyweds or prospective couples living in Busan who have been married for less than 7 years and have an annual income of 130 million won or less.
The target beneficiaries are newlyweds or prospective couples residing in Busan, who must be within 7 years of their marriage registration date and include prospective couples who are scheduled to marry within 3 months. The combined annual income must be 130 million won or less, and the rental deposit may not exceed 400 million won. A lease contract with a confirmed date must be signed by July 9 to apply for support.
Q. What are the loan limits, interest support conditions, and duration?
The maximum loan limit is 200 million won, with a fixed loan interest rate of 3.5%, and interest support of up to 2% for 2 years.
Busan City supports loans of up to 200 million won, allowing borrowing up to 90% of the deposit, and offers fixed-rate loans at 3.5%. The municipality offers interest support of up to 2.0% per annum; households with an annual income of 100 million won or less benefit from 2.0%, while those exceeding this amount receive 1.8% interest support. The basic support period is 2 years, but it can be extended by 2 years for each child, allowing support for up to 10 years. However, some individuals, including existing beneficiaries and public rental residents, are excluded.
Q. How do the application process and selection result confirmation work?
Applications can be made through the Busan Bank mobile app from June 27 to July 10, with selection results confirmed on July 15 on the official website.
Applications can be submitted through the loan menu in the Busan Bank mobile app starting from June 27 at 9 AM until July 10 at 4 PM. The selection results will be available on July 15 on the official Busan City website, and loans will be executed from July 30 to September 30. Note that even after selection, there may be a possibility of failing the loan review.
Q. What does this program mean for newlyweds, and how can they inquire further?
It offers practical support that encourages marriage and childbirth while reducing housing costs; inquiries can be made through the Busan City website and Busan Bank call center.
This initiative supports newlyweds' housing stability and aims to promote marriage and childbirth. By reducing housing costs, it contributes to improving the quality of life for newlywed households. Detailed information can be found in the public announcements section of the official Busan City website, and additional inquiries can be made via the Busan Bank call center or by visiting a nearby branch. This will allow many newlyweds to enjoy tangible benefits.
