Table of Contents
Key Housing Stability Policies for Youth in Busan
Busan City will introduce 'Stay Loan', a loan and interest support for rental deposits for youth facing housing cost challenges starting in 2026.
In light of the current situation where providing jeonse or monthly rent deposits is a significant burden, this program is evaluated as an effective housing support policy that provides loans for rental deposits and interest support up to 100 million won to young people without housing.
Supporting youth in establishing a stable housing environment carries very important significance.
Support Details｜Loan Limits, Interest Rates, Support Structure
The recently implemented youth rental deposit loan and interest support program focuses on minimizing financial burdens.
The loan limit is set at a maximum of 100 million won, and the base interest rate is 3.5% per year. In particular, young residents of Busan with an annual income of 45 million won or less can receive interest support of 2.5%, while those exceeding this amount will receive support at 2%. This provides up to 2.5 million won in benefits annually.
The goal is to help youth secure stable housing through this support.
The loan system is managed by Busan City, which handles interest support and management of beneficiaries, while the Korea Housing Finance Corporation guarantees the full loan amount. The actual loans are carried out by Busan Bank, significantly reducing the credit burden on individual youth.
Eligibility Criteria｜Summary of Age, Income, and Housing Requirements
Looking into the eligibility criteria, it applies to young heads of household between the ages of 19 and 39 who are registered residents of Busan without housing. Individual annual income must be 60 million won or less, and for couples, the combined income must be 100 million won or less, while the security deposit for rental housing must be 200 million won or less; the conversion rate for jeonse or monthly rent must not exceed 6.1%. Additionally, at least 5% of the deposit must be paid after signing the lease contract.
However, homeowners, basic livelihood recipients, those participating in government housing support programs, or those with a history of using the Stay Loan are not eligible to apply. These criteria are measures to prevent misuse of the system and ensure benefits are focused on young people who are in genuine need.
Conclusion｜Summary of Application Method and Precautions
Applications are made online through the Busan Youth Platform. From the 1st to the 10th of each month, the first 50 applicants are accepted, and results are announced on the 15th of each month. Starting in 2026, the review period will be shortened to 5 days and the required documents will be reduced to 2 types, greatly improving accessibility.
The youth rental deposit loan and interest support programs implemented by Busan City are important policies that alleviate the burden of rental deposits for young people without housing living in Busan. Young people who meet the qualifications should apply quickly in preparation for early closing.
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Frequently Asked Questions (FAQ)
Q. What is the Busan City Youth Rental Deposit Loan Support Program?
Busan City will introduce the 'Stay Loan,' providing loans of up to 100 million won for rental deposits and interest support for young people without housing starting in 2026.
The Busan City's youth rental deposit loan and interest support program, 'Stay Loan,' is a policy for young people without housing who are struggling with housing costs. It helps young people secure stable housing by providing loans for rental deposits and interest support at a rate of 2–3.5% per year, aimed to start in 2026.
Q. What are the loan limits, interest rates, and interest support details?
Loans are available up to 100 million won, with a base interest rate of 3.5%, and interest support ranging from 2% to 2.5% depending on income.
The youth rental deposit loan is provided with a limit of up to 100 million won. The base interest rate is set at 3.5% per year, but young residents of Busan with an annual income of 45 million won or less can receive an interest subsidy of 2.5%, while those exceeding that income will receive a 2% subsidy. This results in an annual maximum financial benefit of up to 2.5 million won, focusing on reducing financial burdens on youth.
Q. What are the eligibility conditions for applying?
Youth heads of household residing in Busan aged 19 to 39, meeting specific income and housing deposit requirements, can apply.
The application targets young heads of household aged 19 to 39 who are registered residents of Busan without housing. Individual annual income must be 60 million won or less; for couples, the combined income must be 100 million won or less. The deposit for rental housing must be 200 million won or less; the conversion rate for jeonse or monthly rent must be 6.1% or less, and at least 5% of the deposit must be paid after signing the lease. Homeowners, basic livelihood recipients, and current users of the Stay Loan are restricted from applying.
Q. What is the application method and procedure?
Applications are made online through the Busan Youth Platform, with the first 50 applicants accepted from the 1st to the 10th of each month, results announced on the 15th.
Applications are conducted online through the Busan Youth Platform. The first 50 applicants are accepted from 9 AM on the 1st to 6 PM on the 10th of each month, and results are announced on the 15th of each month. Starting in 2026, the review period will be shortened to 5 days, and the number of required documents will be reduced to 2 types, enhancing accessibility. Quick applications are essential, and applicants should prepare the necessary documents.