What should I look at first for government loans?
Government loans fall into buying a home (Didimdol, newborn special, Bogeumjari), renting on jeonse (Beotimmok, youth, newlywed, newborn special) and urgent living funds (Haetsal, Saehuimang Holssi, illegal private lending prevention loan, Miso microfinance). All check income, net assets, home price (deposit) and home ownership, with criteria eased for births, newlyweds, first-time buyers and families with many children.
The order to choose
- If you had a baby within 2 years, check the newborn special loan first
- Youth and newlyweds get better terms from dedicated products (youth Beotimmok, newlywed loans) than general ones
- If you exceed income or home price limits, products with wider criteria like Bogeumjari
- For living funds before default: Haetsal general guarantee → Saehuimang Holssi; if urgent, the illegal private lending prevention loan
Limits of these results
These results filter only by published basic requirements. Actual approval and limits vary with credit, debt and DSR, home type and regional regulations. If you're already long overdue, a debt adjustment program may come before a loan.
This guide is based on 2026 disclosures and press releases; government loan terms change often with government announcements and fund operations. Always check the latest terms with the official agency before applying. This page doesn't broker loans.
FAQ
Can I get several government loans at once?
Usually you can use only one government loan per purpose (purchase or jeonse). Living fund loans also have overlap restrictions, so check with the agency.
How is net assets calculated?
The couple's assets — real estate, deposits, cars etc. — minus debts like loans. Jeonse deposits count as assets too.