The Korea Workers' Compensation and Welfare Service's livelihood stabilization fund helps stabilize the livelihood of workers by providing them with long-term, low interest rates (1.5% per annum) of 8 types of essential funds that support the livelihood of workers whose livelihoods are unstable due to low income or non-payment of wages! Feel free to check and apply in the app!
▶ What you can find out in the [Employee Loan, Korea Workers' Compensation and Welfare Service Loan] app
1. Find out about vocational training living expenses loans: We have written down the loan conditions and target education information for vocational training living expenses loans, as well as loan application information and circumstances. Find out at once conveniently in the app.
2. Livelihood stabilization fund: From the 20th of every month to the end of the month, you can apply for a wage reduction living expenses and a small living expenses that supports living expenses, education expenses, medical expenses, and housing expenses within 2 million won! Check out the livelihood stabilization fund that will help you stabilize your livelihood.
3. Various living stability funds: [Children's tuition] up to 10 million won, [Wedding expenses] for marriage, [Parental care expenses] of 5 million won per year, [Funeral expenses] within 10 million won, and [Medical expenses] within 10 million won. And various livelihood stabilization funds that support [child support] for children under 7 years of age! Check out the loan support you need and apply for the funds that are right for you!
* Loan interest rate: within 20% per year
* Delinquent interest rate is within 3%p of loan interest rate (within 20% per year)
* No other incidental costs such as handling fees
* Repayment period: Minimum 12 months ~ Maximum 60 months
* Repayment method: equal principal and interest repayment method, equal principal repayment method, lump sum repayment method at maturity
* No early repayment fee or early repayment conditions
* We do not charge any fees related to the loan as it is illegal to request or receive a brokerage fee.
* When taking out a loan, your credit rating or personal credit score may drop. Excessive debt is the beginning of suffering.
* The repayment period for products advertised on this site is all 60 days or longer, and the maximum annual interest rate is 20.0%.
* An example of the total cost of the loan is as follows:
When borrowing 1,000,000 won at an interest rate of 20.0% for 12 months, maximum annual interest rate: 20.0%, total repayment amount: 1,116,614 won (may vary depending on the loan product)
※ This app does not represent the government or government agencies, and provides only high-quality information.
※ Source: Korea Workers’ Compensation and Welfare Service
