대학생 햇살론Do you know how to get a loan with an annual interest rate of 4% for college students, graduate students, job seekers, or those just starting out in society? Let’s find out about the Sunshine Loan Youth, one of the Sunshine Loans supported by the Korea Inclusive Finance Agency.
“College students can borrow up to 6 million won per year, up to 12 million won”
This is a loan product supported by the Korea Inclusive Finance Agency, which was created to support small business finance. It is a loan in which small business finance companies such as agricultural cooperatives, credit unions, and Saemaul Geumgo, which are part of the second financial sector, lend money to small business people with low credit ratings or low incomes. It consists of living stabilization funds (Haetsal Loan Bank, Haetsal Loan Card, etc.), high-interest alternatives (special guarantee for those with the lowest credit rating, small living expenses loans, etc.), housing funds (special lease), startup/operating funds (preferential interest rates for small business franchisees, small loans for traditional markets, etc.), asset formation (youth contract account, youth hope savings, etc.), and small insurance (single-parent family medical insurance, people’s self-reliance support insurance).
You can check the details below.
Among living stabilization fund products, Haetsal Loan Youth is a financial product for the common people that aims to support successful social advancement and stable economic activities by resolving financial difficulties of college students and young people and supporting them to focus on their studies and job preparation. In other words, it is a product that supports tuition, medical expenses, monthly rent, etc. for students or young people who have no or low income.
Basically, there are age and income conditions to receive a loan.
The common conditions are that you must be between 19 and 34 years old and have an annual income of 35 million won or less. The target is divided into job seekers and new members of society.
: College students, graduate students, credit bank system students, unemployed youth
: Those who have been employed at small and medium-sized businesses for less than 1 year
• College students have a maximum guarantee period of 13 years
• Graduate students and credit bank system students have 11 years
• Unemployed people have 9 years
• Small and medium-sized businesses have 1 year or less employment have 8 years
For job seekers, an interest rate of 4.0% is applied, for new members of society, 4.5%, and for those subject to social consideration, 3.6%.
Up to 12 million won is available per person.
For example, if a person uses the first 3 million won of 12 million won as a guarantee, only 9 million won can be used regardless of whether the loan is repaid.
Please note that if you use up the limit of 12 million won, you cannot use the product again even if you repay the loan, so you need to consider whether you really need it. As for general living expenses, you can use up to 6 million won per year based on the guarantee date. However, as for special purpose funds, you can use up to 9 million won per year.
As for general living expenses, you can use up to 3 million won per year based on the guarantee date. However, as for special purpose funds, you can use up to 9 million won per year.
Here, special purpose funds refer to ① education and job preparation funds, ② medical expenses, and ③ housing expenses. The guarantee limit is up to 9 million won, and the following documents are required depending on the purpose.
You can check whether or not you need to submit documents when applying through the Small Business Finance Promotion Agency app (APP), and only original official documents issued within 1 month of the guarantee application date are accepted. You can check the list of required documents at the link below, and various necessary materials such as the fund use plan, consultation, and credit guarantee application form can be downloaded from the second link.
Guarantee consultation and review are conducted at the Small Business Finance Promotion Agency, and loan application and execution are possible through the apps of Industrial Bank of Korea, Shinhan Bank, and Jeonbuk Bank. Before applying for a loan, we recommend that you receive the following suggestions and phone consultations from each bank.
IBK Industrial Bank of Korea☎1566-2566
Shinhan Bank☎1599-8000
Jeonbuk Bank☎1588-4477
We have learned about Sunshine Loan Youth. In addition, there is a seed money collection product for young people called ‘Youth Declaration Account’ supported by the Small and Medium Business Administration, and a microfinance Sunshine Loan for low-credit borrowers, so please refer to it.
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