Table of Contents
- Busan City Takes Action to Provide Practical Housing Support for Non-homeowner Newlyweds
- Eligibility Requirements and Main Conditions
- Detailed Guidance on Loan and Interest Support Conditions
- Application Method and Procedure
- Required Documents and Important Notes
- Housing Stability is the Beginning of Marriage and Childbirth
- Frequently Asked Questions (FAQ)
Busan City Takes Action to Provide Practical Housing Support for Non-homeowner Newlyweds
Busan City announced that it will recruit 300 additional applicants for the 'Newlywed Housing Loan and Interest Support Program' until August 13, 2025.
This program is designed for non-homeowner newlyweds facing serious housing cost burdens, providing a loan of up to 200 million won for security deposits, with partial interest support for up to 10 years. It is expected to greatly assist in stabilizing the housing situation for newlyweds.
Applications can be easily submitted through Busan Bank's mobile banking app, with the application period from August 4 until 4 PM on August 13. However, applicants must sign a lease agreement with a confirmed date before the application deadline, so they must be aware of this requirement.
Eligibility Requirements and Main Conditions
Non-homeowner newlyweds or prospective newlyweds can apply if they meet the following conditions. They must be registered as residents in Busan City as of the application reference date of August 4, 2025, and have been married for no more than 7 years or have a marriage scheduled within 3 months. In addition, their combined annual income must be below 130 million won, and they should plan to live in a residence (including apartments) where the security deposit is below 400 million won or in residential officetels. The lease agreement must be signed by August 12.
However, those who are recipients of national basic livelihood assistance, public rental residents, those with contracts with parents, and existing beneficiaries are excluded from applying, so these matters must be checked in advance.
Detailed Guidance on Loan and Interest Support Conditions
A variety of benefits are provided to stabilize the housing situation for newlyweds. First, the loan limit is up to 200 million won and will be supported within 90% of the security deposit. The loan interest rate is fixed at 3.5% per annum, which reduces economic burdens.
Support conditions vary based on income. For those with an annual income of 100 million won or less, the city supports 2.0%, leaving a burden of 1.5%. Conversely, for those with an annual income exceeding 100 million won, the city provides 1.8%, with a burden of 1.7%.
The default loan period is 2 years, extendable up to 10 years. An additional 2 years can be added if there is one child or if infertility treatment has been received (one-time extension).
Loans can be applied for at Busan Bank, but the loan requirements must be met, and the final execution will depend on the guarantee organization KBHF's conditions and personal credit ratings.
Application Method and Procedure
Here is the guidance for applying for the newlywed security deposit loan.
The application period is from 9 AM on Monday, August 4, 2025, to 4 PM on Wednesday, August 13. Loan applications can be processed through Busan Bank's mobile banking app by logging in and navigating to the loan application management section under the loan menu, selecting pre-registration from the consent, agreement, and reservation items.
If the number of applicants exceeds 300 households, selection will be made by random drawing. Results will be announced on the official website of Busan City on August 18, 2025. Loan execution will take place between September 1 and September 30.
It is recommended that applicants receive prior consultation at a Busan Bank branch, which will allow for more accurate verification of eligibility and required documents.
Required Documents and Important Notes
The main documents required in the application process are as follows.
First, a lease agreement with a confirmed date is required. Second, a complete certificate of building registration information for the target object is required. In addition, a copy of the resident registration, a family relationship certificate, and a marriage certificate must also be submitted.
Furthermore, documents such as a wage withholding tax receipt, an income certificate, an employment certificate, or a business registration certificate are essential documents. Finally, documents like a non-recipients confirmation letter are also required.
All documents must have been issued within one month from the application date, and additional documents may be requested based on the situation.
Even after being selected, the loan execution may be delayed or canceled if the conditions are not met. Therefore, applicants need thorough preparation and prior verification. Importantly, the applicant must be the tenant, and it is not allowed for both spouses to apply together.
Housing Stability is the Beginning of Marriage and Childbirth
The newly implemented 'Newlywed Housing Loan and Interest Support Program' by Busan City is not just a simple loan, but a practical support policy aimed at promoting marriage and childbirth through stable housing environments.
This program is expected to be a great opportunity for newlyweds or prospective couples who are delaying marriage due to housing cost burdens to plan for a stable future. Let’s confidently welcome the second half of 2025 through swift applications and thorough preparations.
Detailed information and application methods can be found on the Busan City Job Postings website (https://www.busan.go.kr/nbgosi) or the Busan Bank mobile app.
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Frequently Asked Questions (FAQ)
Q. What are the main benefits of Busan City's Newlywed Housing Loan and Interest Support Program?
It provides a maximum security deposit loan of 200 million won and partial loan interest support for 10 years.
The Newlywed Housing Loan and Interest Support Program of Busan City offers security deposit loans of up to 200 million won for non-homeowner newlyweds. The loan interest rate is fixed at 3.5% per year, and part of the interest can be supported for up to 10 years, reducing economic burdens. The support rates vary based on annual income, with 2.0% supported for those earning below 100 million won, and 1.8% for those exceeding it. Additionally, loan extension is possible if there are children or in cases of infertility treatment to promote housing stability.
Q. What are the eligibility criteria and excluded groups?
Only Busan City residents who are non-homeowner newlyweds with an annual income below 130 million can apply, while some are excluded.
To apply, you must be registered as a resident in Busan City as of the application reference date of August 4, 2025, and be a non-homeowner newlywed or prospective couple married for no more than 7 years or have a wedding scheduled within 3 months. Annual combined income must be below 130 million won, and you should plan to live in a housing with a security deposit of below 400 million won. Those receiving national basic livelihood assistance, public rental residents, those with contracts with parents, and existing beneficiaries are excluded from applying, so prior verification is essential.
Q. What is the application process and deadline?
Applications can be made via the Busan Bank mobile app from August 4 to 13, and lease contracts must be signed by the 12th.
The application period is from 9 AM on August 4, 2025, to 4 PM on August 13. Applications can be easily processed through the Busan Bank mobile banking app via the loan application management menu. Ensure that the lease agreement must be signed by August 12, and if the number of applicants exceeds 300 households, selections will be made through a random draw. Results will be announced on the official website of Busan City on August 18.
Q. What are the key documents to submit upon application?
You must submit lease agreements with confirmed dates, complete certificates of building registrations, and related documents.
The essential documents include the lease agreement with a confirmed date and the complete certificate of building registration for the target object. Additionally, resident registration copies, family relationship certificates, marriage certificates, wage withholding tax receipts or income certificates, employment certificates or business registration certificates, and non-recipients confirmation letters are also required. All documents must be issued within one month from the application date, and additional documents may be requested as necessary.
Q. What should be noted after selection for loan execution?
If loan execution is delayed or conditions are not met, selection may be canceled, so prior preparation is important.
Even after selection, the loan execution may be canceled if there is a delay or if the applicant does not meet the requirements. The applicant must confirm their status as the tenant and duplicate applications by both spouses are not allowed. Therefore, it is crucial to thoroughly check and prepare all documents and conditions after selection.