근로자 생활안정자금 종류division
detail
type
Subject and conditions
loan
Target
①Medical expenses
②Wedding expenses
③Funeral expenses
④Parental care expenses
⑤Children’s tuition
⑥Child support expenses
⋅Employees who have been working for more than 3 months or special workers, self-employed individuals who have been enrolled in industrial accident insurance for more than 3 months (limited to those who have no employed workers as of the last day of the month immediately preceding the month in which the loan application date belongs)
* Daily workers must be insured by employment insurance for more than 45 days within 90 days prior to the application date.
⋅ Average monthly income is less than 2/3 of the median income (3-person household) (3.15 million won in 2024)
* Income requirements for non-regular workers do not apply
⑦Wage reduction cost of living
⋅Workers who have been working for more than 6 months, special type workers covered by industrial accident insurance
⋅ Average monthly income decreased by more than 30% for 3 months prior to the loan application date compared to the average monthly income from 6 months to 3 months prior to the loan application date.
⋅ Average monthly income for the three months prior to the loan application date is less than 70% of the amount equivalent to 2/3 of the median income (three-person household) (KRW 2.21 million in 2024)
⑧Small living expenses
⋅Employees who have been working for more than 3 months or special workers, self-employed individuals who have been enrolled in industrial accident insurance for more than 3 months (limited to those who have no employed workers as of the last day of the month immediately preceding the month in which the loan application date belongs)
* Daily workers are insured by employment insurance for more than 45 days within 180 days prior to the application date.
⋅Monthly income decreases by more than 30% compared to the previous month due to personal circumstances, seasonal business, etc.
⋅Monthly income eligible for loans with reduced wages is less than 70% of the amount equivalent to 2/3 of the median income (three-person household) (2.21 million won in 2024)
Loan limit
①Medical expenses, ③Funeral expenses,
⑦Wage reduction cost of living
⋅10 million won
* Wage reduction cost of living is the amount of wage reduction in the range of 10 million won.
②Wedding expenses
⋅12.5 million won
④Parental care expenses
⋅5 million won per year per parent within the range of 10 million won
⑤Children’s tuition
⋅5 million won per year per child within the range of 10 million won (limited to those attending high school)
⑥Child support expenses
⋅5 million won per year per child within the range of 10 million won (limited to infants under 7 years of age)
⑧Small living expenses
⋅2 million won
※ When applying for 2 or more items, the total limit is 20 million won per person.
loan interest rate
⋅1.5% per annum (credit guarantee fee 0.9%~1.0% per annum)
Repayment
⋅Repayment of principal in equal installments over 3 or 4 years with 1-year grace period (however, for small living expenses, principal repayment in equal installments over 1 year with 1-year grace period)
Preferential support for employment crisis areas and special employment support industries
division
current
Employment crisis areas and special employment support industries
Income Requirements
⋅(Life stabilization fund) KRW 3.15 million or less
(2/3 of the average monthly income of a three-person household)
⋅(Life stabilization fund) KRW 3.82 million or less
(2/3 of the average monthly income of a 4-person household)
Loan conditions
⋅Choose between 1-year grace period and 3-year or 4-year equal principal repayment
⋅Choose between 1-year grace period and 3-year repayment, 1-year grace period and 4-year repayment, 2-year grace period and 4-year repayment, and 3-year grace period and 5-year repayment
Loan limit
⋅(Children’s tuition) Per high school student
5 million won per year
⋅(Children’s tuition) 7 million won per child for high school and college students
Loan application (applicant) → Eligibility decision (Korea Workers’ Compensation and Welfare Service) → Guarantee application (applicant) → Guarantee issuance (Korea Workers’ Compensation and Welfare Service) → Bank notification (Korea Workers’ Compensation and Welfare Service) → Loan execution (applicant)
Contact us
contact
Korea Workers’ Compensation and Welfare Service call center
1588-0075
It is operated by the Busan Chamber of Commerce and Industry with support from Busan Metropolitan City and the Busan Regional Employment and Labor Office.
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