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Applications Open for Newlywed Housing Loan and Interest Support Program for Q2 2026: Helping Newlywed Couples Reduce Housing Costs

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Following strong interest during the first quarter application period this year, the city will continue implementing the program in the second quarter to help reduce housing expenses for newlywed couples and to foster a marriage- and childbirth-friendly environment.

Since its introduction in 2020, the program has supported more than 6,300 households cumulatively through 2025 and has become Busan Metropolitan City’s representative housing support policy for newlywed couples.

Eligible applicants are newlywed couples without home ownership seeking funds for a rental deposit who are registered as residents of Busan Metropolitan City as of the application start date (March 27, 2026). Applicants may be newly married couples (within seven years of marriage registration) or prospective newlyweds planning to marry within three months.

To qualify for support, applicants must meet the following conditions: ▲combined annual household income of 130 million KRW or less ▲housing with a rental deposit of 400 million KRW or less (including apartments and residential officetels) ▲a lease agreement with a confirmed date concluded by the day before the end of the application period (April 8, 2026).

However, the following are not eligible for support: homeowners, individuals who have entered into lease agreements with their parents, residents of public rental housing, recipients of basic livelihood security benefits, previous beneficiaries of the program (limited to once per lifetime), and those already receiving benefits from similar housing support programs.

Through this program, newlywed couples can receive interest support of up to 2.0 percent per year on rental deposit loans, reducing their annual interest burden by up to 4 million KRW. The interest support is provided for two years and may be extended for up to ten years if conditions such as childbirth or pregnancy are met.

Loans are issued by Busan Bank within 90 percent of the rental deposit, up to a maximum of 200 million KRW. The Korea Housing Finance Corporation provides a 100 percent guarantee on the loan amount, helping newlywed couples receive financial support more securely.

In this second quarter recruitment, a total of 400 households will be selected. If the number of applicants exceeds the available slots, beneficiaries will be determined through a random lottery.

Newlywed couples without home ownership residing in Busan Metropolitan City who wish to receive support may apply through the Busan Bank mobile banking app from 9:00 a.m. on March 27 to 4:00 p.m. on April 9.

The list of selected applicants will be announced on April 15 through the Busan Metropolitan City website (https://www.busan.go.kr/childcare/childcare010106).

For applicants selected for the program who complete the loan review process, the loan execution period will run from April 30 to June 30, 2026.

Further details regarding the program are available in the public notice section of the Busan Metropolitan City website (https://www.busan.go.kr/nbgosi).

Park Seol-yeon, Director General of the Women and Family Bureau of Busan Metropolitan City, stated, “Establishing a stable housing foundation where newlywed couples can settle is extremely important,” adding, “We will continue to provide practical support and work toward creating a city where it is easy to have and raise children.”