KOREA HOUSING-FINANCE CORPORATION | Housing Guarantees (Individuals/builders)

This is a guarantee service for individuals who seek to obtain loans from financial institutions to rent or buy a house or pay installments for newly built apartments

Guarantee for chonsei loans
Guarantee service available to obtain a monthly rental loan from bank
Guarantee for installments
Guarantee service to obtain a loan to pay installments after buying a newly built apartment
Guarantee for home purchase
Guarantee service available if the house is not sufficient as collateral in buying the house
Guarantee for construction/renovation loans
Guarantee service available if the existing collateral is insufficient for a desired loan in constructing or renovating a house
Guarantee for rental deposit refund
Guarantee service available when a loan is obtained from a bank to refund a rental deposit to the lessee
Guarantee for Monthly rental loans

Guarantees Restricted
- Persons involved in a guarantee incident indicated in the KHFC Credit Management Regulations and handled thereas
  (including reservations for handling as such incident; the same shall apply hereinafter)
- Persons with a rating of guarantee rejection under the KHFC Credit Scoring System
- Persons who have any derogatory items on their credit records
- Principal debtors and co-signers of guarantees of indemnified debts
- Persons who submitted inappropriate data and for whom the guarantee restriction period has not expired
- Persons who are past due on loans at financial institutions that will grant loans
- Other persons subject to guarantee restrictions as determined by the KHFC president

HF charges a guarantee fee for providing guarantees for loans for chonsei, home purchases, and installments.
The guarantee fee may be paid on an annual basis. In the case of lump sum payment, a discount is applied for the guarantee fee for more than one year.
According to the business arrangement between KHFC and banks, matters regarding the collection and refund of guarantee fees are handled by the banks on behalf of KHFC.
guarantee fee rates can't be lower than 0.05%

Guarantee fee rates )
Guarantee type				Guarantee fee rate
Home construction and improvement				0.3% (base rate) - 0.1%(variable rate) p.a.
		government or local government agreement		0.3% (base rate) - 0.1%(variable rate) p.a.
Purchase		Apartment		0.2% p.a. - 0.1%(variable rate) p.a.
Purchase		Other		0.3% (base rate) ± 0.1%(variable rate) p.a.
Installments		Regular installments		0.4% (base rate) + (additional rate 0.1% or preferential rate 0.1%, 0.2%)(variable rate) p.a.
			Group approval	0.2% (base rate) - (0.07~ 0.17)%(variable rate) p.a.
		Installment-linked mortgage loan
			Group approval
Rental	Rental Deposit	less than 100 million		0.12%(base rate) + (additional rate 0.05% or preferential rate 0.1%) p.a.
		more than 100 million~less than 200 million		0.15%(base rate) + (additional rate 0.05% or preferential rate 0.1%) p.a.
		more than 200 million~less than 300 million		0.18%(base rate) + (additional rate 0.05% or preferential rate 0.1%) p.a.
		more than 300 million~less than 400 million		0.22%(base rate) + (additional rate 0.05% or preferential rate 0.1%) p.a.
		more than 400 million~less than 500 million		0.25% (base rate) + (additional rate 0.05% or preferential rate 0.1%) p.a.
		more than 500 million~		0.40%(base rate) + (additional rate 0.05% or preferential rate 0.1%) p.a.
Guarantee for rental deposit refund				0.6%(base rate) - 0.1%(variable rate) p.a.
Collection of indenified debt				0.5%(base rate) - 0.1%(variable rate) p.a.
Monthly Rental				0.12%(base rate) - 0.1%(variable rate) p.a.

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