？HF Offers MOU Guarantees for Social Enterprise Workers
- Date 2018-12-26
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HF Offers MOU Guarantees for Social Enterprise Workers
- It guarantees up to 90% of jeonse loans for social workers with an annual income of KRW 50 million or less
- It also provides them with discounts of 0.1%p in guarantee fee rates and 0.25%p in interest rates
Korea Housing Finance Corporation (HF, CEO Lee Jung-Hwan) stated that it has launched the Jeonse Loan Guarantees program built on the MOU for the Promotion of Social Values on December 26, 2018. As part of the Measures to Promote Social Financing announced by the Financial Services Commission on February 8, 2018, these jeonse loan guarantees came after the comprehensive MOU that HF signed with Korea Social Enterprise Promotion Agency (President Kim In-Seon) and KEB Hana Bank (CEO Ham Young-Joo) on August 23, 2018.
The guarantees are available to those who have been working for a social enterprise certified by the Minister of Employment and Labor or a social welfare entity and facility established under the Social Welfare Services Act for at least three months at annual salary of KRW 50 million or less.
Depending on their annual income, the guarantees are offered for up to 90% of the jeonse loans within the maximum amount of KRW 200 million. The interest rate of the guarantees is 0.25%p lower than that of ordinary jeonse loan guarantees. In addition, the program offers discounts of 0.1%p in guarantee fee rates. The lowest annual guarantee fee rate of 0.05% applies to guarantees of KRW 200 million or less.
Those who are planning to take out a jeonse loan can consult on, and check, their eligibility for the guarantees at Hana Bank branches.