- Benefit
- Integrated and reorganized on Jan 2, 2026. Eligible: annual income of KRW 35,000,000 or less (regardless of credit score) or annual income of KRW 45,000,000 or less and in the bottom 20% of credit. Guarantee limit up to KRW 15,000,000, interest rate within 10% per year (guarantee fee within 2.5%, varies by financial company, recent quarterly average 7.3-10.5%), equal installment repayment within 5 years with no early repayment fee. A 0.5%p reduction in the guarantee fee for socially disadvantaged persons and 0.1%p for completing financial education and consulting, etc.
- Who is eligible
- Low-credit, low-income ordinary people (annual income of KRW 35,000,000 or less, or KRW 45,000,000 or less and bottom 20% of credit)
- When to apply
- Year-round
- How to apply
- Microfinance Itda app (서민금융 잇다), Microfinance Call Center 1397, appointment visit to a Microfinance Integrated Support Center, handling financial companies (kinfa.or.kr)
- Important notes
- Even after approval of the preliminary check by the Korea Inclusive Finance Agency (서금원), the financial company's review may still reject you. For the guarantee fee reduction, documents must be submitted and education completed before signing the contract
- Note
- Handled by all financial sectors. After faithfully using policy-based microfinance for 2 years or more, you can use the Stepping Stone Loan (up to KRW 30,000,000, interest within 9% per year). Business owners have separate products such as Sunshine Loan 119 and Microcredit (미소금융).
Based on official sources as of 2026년 10월. Amounts and requirements may change, so please confirm with the official guide before applying.