혼례비대출To be honest, in addition to the wedding preparation process, newlyweds have so many expenses, such as childcare costs and house loan costs, so it is definitely not bad to apply for and receive a wedding loan with an annual interest rate of 1.5%. (Of course, if you are extremely wealthy, you don’t have to receive it…ㅎ) In particular, since the husband and wife can apply separately, my husband and I both applied and received them separately.
You can apply for a wedding loan at the Korea Workers’ Compensation and Welfare Service’s Labor Welfare Net. After entering the link, go to the general worker living stabilization fund, log in with your certified certificate, and apply. You can also visit the local headquarters or branch office in charge of your workplace in person to apply, but we both applied online.
Wedding-Loan-Guidelines
Before applying, be sure to read the wedding-loan guideline carefully.
Applicants are workers who have been working at their affiliated or labor-providing workplace for more than 3 months as of the date of loan application, or special workers. Or, if you are a self-employed person who has been enrolled in the Industrial Accident Insurance Special Case for Small and Medium Business Owners for more than 3 months, you are eligible. The regulations are a little different for daily workers, so check! In our case, my husband was an employee and I was self-employed, but since I was not enrolled in the Industrial Accident Insurance Special Case for Small and Medium Business Owners, I could not apply until 3 months after enrollment… If you are self-employed, check whether you are enrolled in the Industrial Accident Insurance Special Case for Small and Medium Business Owners!!!
The income requirement is that your monthly average income must be less than 2.96 million won (as of 2023). However, the income requirement does not apply to irregular workers.
The loan limit is within the range of 12.5 million won, and my husband and I both received 12.5 million won. (Guarantee premium 0.9% annual prepayment)
The loan conditions are 1.5% annual interest, and you can choose between 1-year grace period and 3-year or 1-year grace period and 4-year monthly equal principal installment repayment. You can choose this according to your situation.
The loan application deadline is within 1 year from the date of marriage registration.
Those subject to application restrictions are those who have already received a loan up to the credit guarantee limit, those whose loan funds have been recovered according to Article 20 of the regulations (those who received the loan funds through false/illegal means), and those whose delinquency information has been registered with the Korea Credit Information Service, so credit guarantee is not possible and applications are restricted.
Application contents
We both applied online instead of visiting in person.
You can apply by writing the application contents accurately, but you should check the wedding expenses for the loan type. You also need to write information related to your spouse, so it is easier to apply when your husband and wife are together. You also need to write information related to your business, so let’s check the information in advance.
Repayment
I applied for a 1-year grace period and 4-year repayment. I have attached the expected guarantee fee details and principal repayment table for your reference. For those who are confused, let me explain: during the grace period, you only pay interest, and during the repayment period, you pay the principal and interest. Since I have a 1-year grace period and 4-year repayment, I only pay interest for 1 year and pay the principal and interest for 4 years!
Required documents
After applying, wait and the person in charge will contact you after confirming. The required documents for the wedding expense loan are a copy of your resident registration, proof of income (or one of the following: comprehensive income tax base confirmation report and payment statement / business income withholding receipt), and marriage certificate. If the loan recipient is not you, you will also need a family relationship certificate! You can fax the required documents.
If there is a problem with the documents, you will be contacted additionally to inform you of the corrections.
Korea Bank – App
If the documents are normally received, you will be notified by text message that they have been processed, but now you must proceed with the loan at Korea Bank. If you don’t have a KEB Hana Bank account, you need to open one and set up internet banking.
Then log in to the KEB Hana Bank app and search for Worker’s Living Stabilization Fund Loan in the search bar. Then select the i-ONE Worker’s Living Stabilization Fund from the search results and click Apply. Then just enter the credit guarantee selection number you were given and you’re done! (The middle S must be capitalized.) Then I was able to confirm that it was deposited into my KEB Hana Bank account right away. For reference, applications are available from 9 AM to 10 PM, Monday to Friday.
Although it was easy to say, there were quite a few twists and turns before I received the wedding expense loan. I am a self-employed person and I was not enrolled in the industrial accident insurance special case, so I enrolled and waited for 3 months and applied again, but I received a notice that the business budget had been exhausted early… So I waited impatiently until it was processed, and as soon as it was processed, I went into the KEB Hana Bank app, but the Worker’s Living Stabilization Fund was not found at all. I inquired and they said it was because the business budget was exhausted… I was frustrated wondering why this was happening to me, but fortunately, the business budget increased and I was able to receive it!!! The application period itself is from the beginning of each year to the business deadline, so it would be best to apply as soon as possible before the budget is exhausted.
The Korea Workers’ Compensation and Welfare Service wedding expense loan, the application process is not as complicated as you think, and the annual interest rate is very low at 1.5%! If you are a newlywed couple who has not been married for a year, I hope you apply and use it usefully.
Copyright 2022. Kim Neul-ppo.
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