Korean Youth Jeonse Loan — What You Can Borrow
Jeonse is a uniquely Korean rental arrangement: instead of monthly rent, tenants pay a large lump-sum deposit that the landlord returns in full at the end of the lease. The Youth Beotimok Jeonse Loan is a government-backed program through the Korea Housing Finance Corporation that helps renters aged 19–34 borrow up to 80% of the deposit at very low interest rates.
Eligibility requires annual income ≤ KRW 50 million, net assets ≤ KRW 345 million, and no home ownership. In the Seoul metro area (Seoul, Gyeonggi, Incheon), the deposit ceiling is KRW 300 million with a loan cap of KRW 200 million. Outside the metro, the ceiling is KRW 200 million with a KRW 120 million cap. Rates range from 1.5% to 2.1% depending on income.
This calculator provides a reference estimate only. Actual loan limits are determined by the lending bank's credit assessment and available program funds. Apply through authorized banks including Woori, Kookmin, IBK, Hana, Shinhan, and NongHyup.
Frequently Asked Questions
Generally, this loan is available only to Korean nationals and eligible foreign residents registered as household heads. Conditions may vary; confirm with the bank directly.
The initial term is 2 years, renewable up to 4 times for a maximum of 10 years. There is no early repayment penalty, so you can pay it off anytime.