Real Estate & Tax · 🇰🇷 Korea
Jeonse Deposit Insurance Eligibility Checker
Real-time check on HUG/SGI/HF Korean jeonse insurance eligibility with rejection reasons and fees.
About this tool
Jeonse Deposit Guarantee Eligibility Checker diagnoses qualification across HUG, SGI, and HF — Korea’s three jeonse insurance providers — in one click. Enter deposit, KB market price, government appraisal, property type (apartment / officetel / villa / multi-household / detached), prior-lien debt, and landlord tax-arrears status, and the tool flags pass/fail per provider with rejection reasons. Built-in: HUG’s "appraisal × 126%" cap, SGI’s up-to-100% LTV, multi-household sibling-deposit aggregation, and rent-deposit (deposit + monthly × 24) conversion. Use it before signing to surface deal-breakers, and follow the included contract-rider guidance to protect your earnest money if guarantee is denied.
Use cases
Scenario 1
Villa pre-signing check
Spot before signing that a 250M jeonse on a 160M-appraisal villa exceeds HUG’s cap (2.016M = 126% × appraisal); enter renegotiation.
Scenario 2
SGI fallback feasibility
When HUG denies, instantly check SGI eligibility and weigh SGI’s 2~3x premium before proceeding.
Scenario 3
Multi-household tally
Demand the total of other tenants’ deposits (per §3-6 of the Lease Act) and tally with your own to verify guarantee-eligible LTV.
Scenario 4
Rent-deposit conversion
Auto-convert deposit 100M + monthly 800k into 119.2M jeonse-equivalent and compare to HUG’s cap.
Scenario 5
Landlord tax-arrears flag
Toggle landlord tax-arrears to surface an immediate warning plus a guide to demand a tax-clearance certificate before signing.
Features
- HUG / SGI / HF triple eligibility check
- Auto compare appraisal×126% (HUG) / LTV 100% (SGI)
- Type-specific rules for villas / multi-household / officetels
- Rent-deposit conversion (deposit + monthly × 24)
- Landlord tax-arrears warning
- Contract-rider guide ("void if guarantee denied")
- Shareable URL (inputs base64-encoded)
Frequently asked
- Q. What is the 126% rule?
- A. Appraisal × 140% (price recognition) × 90% (LTV) = 126%. Exceeding this number makes HUG rejection very likely.
- Q. Can SGI cover HUG rejection?
- A. SGI accepts up to 100% LTV and can rescue HUG-rejected cases, but premium is 2~3x and villa/multi-household scrutiny is similar.
- Q. How do I learn other tenants deposits?
- A. Lease Act §3-6 lets you demand the total. Walk away from landlords who refuse.
- Q. How to protect earnest money if denied?
- A. Add a "void with refund if guarantee denied" rider. The tool ships a recommended rider text.
- Q. Can actual review differ?
- A. This is an approximate screen. Final outcome follows the official calculators and bank consultation.
Sources / references
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How we run it / disclaimer
This tool is advisory and does not constitute legal, tax, medical, or financial advice. All calculations and document generation run in your browser; inputs are never sent to a server. Ads follow Google AdSense policy and are kept separate from tool accuracy.