◀ Anchor ▶
The government has decided to extend the loan maturity and interest deferral measures that will return in March for small business owners and SMEs suffering from the prolonged coronavirus.
I also decided to create a 3–40 year mortgage loan so that the younger generation would not give up on my home.
Reporter Seo Yoo-jung summarized the major financial policies that came out today.
◀ Report ▶
Eunjoo Moon runs a yoga school.
After the corona, the operation became difficult, and I barely built an academy with a loan.
In the meantime, you only have to pay monthly interest, but the problem is due to come back two months later.
[문은주/요가 학원 원장]
“It’s difficult to get out of interest, but if you ask to pay back the principal in a worse state, you’ll only be told to die.”
In view of these difficulties, the government decided to extend the loan maturity and interest repayment delay for small business owners and SMEs until the end of March.
The government’s judgment is that there are 13,000 cases of interest repayment deferred, and about 4.4 trillion won in loan scale, so banks and others can afford it.
[김금자/식당 운영]
“If you only do that, each other… will be a little better.”
We also provide support for young people and homeless people.
In order to prevent young people from giving up their home arrangements with low income, the policy is to create a home mortgage loan of up to 40 years so that they can have a house by paying off the money as if paying monthly rent.
In addition, under current regulations, young people with low incomes also receive too little loans, so an exception to these will be considered.
[은성수/금융위원장]
“I’m paying a 40-year mortgage this year, I can’t be confident, but I did a pilot project…”
In addition, to manage the risk of household debt, the government decided to promote a plan to repay the principal in installments instead of paying only interest until maturity in the case of large credit loans.
This is Seo Yoo-jeong, MBC News.
(Video coverage: Kang Jaehoon / Video editing: Yang Hongseok)
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