HF Launches Jeonse Loan Guarantees for Newlywed and Multicultural Households
- Date 2019-03-26
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HF Launches Jeonse Loan Guarantees for Newlywed and Multicultural Households
- HF signs MOU with Busan Bank to promote housing welfare
Korea Housing Finance Corporation (HF, CEO Lee Jung-Hwan) and Busan Bank are set to develop a new Jeonse loan guarantee service for newlywed couples and multicultural families.
HF announced on March 26, 2019, that it reached a memorandum of understanding (MOU) with Busan Bank (CEO Bin Dae-In) to promote the housing welfare of mid- to low-income groups in Busan, Ulsan, and Gyeongnam Province. The MOU is entitled “Comprehensive MOU to Support Newlywed and Multicultural Families with Their Jeonse Loan.”
Under the MOU, the two institutions will launch a jeonse loan guarantee product this April. The product will offer newlywed couples (within the first five years of marriage reporting) and multicultural families preferential interest and guarantee rates.
HF CEO Lee Jung-Hwan said, “As part of our efforts to boost stability in the housing welfare of local residents, we will work with Busan Bank to provide newlywed couples and multicultural families jeonse loan support. We will continue to offer housing finance support to our local community members.”
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Korea Housing Finance Corporation (HF) CEO Lee Jung-Hwan (right) and Busan Bank CEO Bin Dae-In pose for a photo after signing the Comprehensive MOU to Support Newlywed and Multicultural Families with Their Jeonse Loan at the headquarters of Busan Bank on the 26th.
