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HF KOREA HOUSING FINANCE CORPORATION

Housing Guarantees (Individuals/builders)

Home > Housing Guarantees (Individuals/builders) > Housing Guarantees for Individuals

Housing Guarantees for Individuals

1 What is a housing guarantee for individuals? Open
  • This is a guarantee service for individuals who seek to obtain loans from financial institutions to rent or buy a house or pay installments for newly built apartments
2 Product type Open
  • Guarantee for chonsei loans
    Guarantee service available to obtain a monthly rental loan from bank
  • Guarantee for installments
    Guarantee service to obtain a loan to pay installments after buying a newly built apartment
  • Guarantee for home purchase
    Guarantee service available if the house is not sufficient as collateral in buying the house
  • Guarantee for construction/renovation loans
    Guarantee service available if the existing collateral is insufficient for a desired loan in constructing or renovating a house
  • Guarantee for rental deposit refund
    Guarantee service available when a loan is obtained from a bank to refund a rental deposit to the lessee
  • Guarantee for Monthly rental loans
3 Guarantee Limit for Individuals Open
  • Maximum limit of guarantee for construction/renovation loans: KRW100 million
  • Maximum limit of guarantee for home purchase: KRW100 million
  • Maximum limit of guarantee for rental deposit refund: KRW100 million
  • Maximum limit of guarantee for chonsei loans: KRW300 million
  • Maximum limit of guarantee for ordinary installments: KRW300 million
  • Maximum limit of guarantee for loan-linked installments: KRW500 million
  • Maximum limit of guarantee for Monthly Rental loans: KRW 100 million
6 Persons for Whom Guarantees are Rejected Open
  • Guarantees Restricted
    • Persons involved in a guarantee incident indicated in the KHFC Credit Management Regulations and handled thereas
      (including reservations for handling as such incident; the same shall apply hereinafter)
    • Persons with a rating of guarantee rejection under the KHFC Credit Scoring System
    • Persons who have any derogatory items on their credit records
    • Principal debtors and co-signers of guarantees of indemnified debts
    • Persons who submitted inappropriate data and for whom the guarantee restriction period has not expired
    • Persons who are past due on loans at financial institutions that will grant loans
    • Other persons subject to guarantee restrictions as determined by the KHFC president
7 Guarantee Fee Open
  • HF charges a guarantee fee for providing guarantees for loans for chonsei, home purchases, and installments.
  • The guarantee fee may be paid on an annual basis. In the case of lump sum payment, a discount is applied for the guarantee fee for more than one year.
  • According to the business arrangement between KHFC and banks, matters regarding the collection and refund of guarantee fees are handled by the banks on behalf of KHFC.
  • guarantee fee rates can't be lower than 0.05%
Guarantee fee rates )
Guarantee type Guarantee fee rate
Home construction and improvement 0.3% (base rate) - 0.1%(variable rate) p.a.
government or local government agreement 0.3% (base rate) - 0.1%(variable rate) p.a.
Purchase Apartment 0.2% p.a. - 0.1%(variable rate) p.a.
Other 0.3% (base rate) ± 0.1%(variable rate) p.a.
Installments Regular installments 0.4% (base rate) + (additional rate 0.1% or preferential rate 0.1%, 0.2%)(variable rate) p.a.
Group approval 0.2% (base rate) - (0.07~ 0.17)%(variable rate) p.a.
Installment-linked mortgage loan
Group approval
Rental Rental Deposit less than 100 million 0.12%(base rate) + (additional rate 0.05% or preferential rate 0.1%) p.a.
more than 100 million~less than 200 million 0.15%(base rate) + (additional rate 0.05% or preferential rate 0.1%) p.a.
more than 200 million~less than 300 million 0.18%(base rate) + (additional rate 0.05% or preferential rate 0.1%) p.a.
more than 300 million~less than 400 million 0.22%(base rate) + (additional rate 0.05% or preferential rate 0.1%) p.a.
more than 400 million~less than 500 million 0.25% (base rate) + (additional rate 0.05% or preferential rate 0.1%) p.a.
more than 500 million~ 0.40%(base rate) + (additional rate 0.05% or preferential rate 0.1%) p.a.
Guarantee for rental deposit refund 0.6%(base rate) - 0.1%(variable rate) p.a.
Collection of indenified debt 0.5%(base rate) - 0.1%(variable rate) p.a.
Monthly Rental 0.12%(base rate) - 0.1%(variable rate) p.a.