The 'Miso Finance Youth Future Bridge Loan,' designed to help low-income and low-credit young people achieve economic independence, is being operated on a rolling application basis with no separate deadline. The program allows loans of up to 5 million won without collateral or guarantees, supporting the livelihood stability and economic independence of young people with limited access to finance.

■ Who Can Apply

According to information published on Government 24 Plus, eligible applicants are young people aged 19 to 34 who meet one of the following conditions:

• Those in the near-poverty class or below, or whose personal credit score falls in the bottom 20%
• Those who meet the eligibility requirements for the Earned Income Tax Credit (EITC) application

In particular, the fact that young people who qualify for the EITC application are also included in the support target makes this a program worth examining for low-income working youth. However, actually receiving the EITC does not automatically make one eligible for the loan; applicants must verify both the eligibility requirements and Miso Finance's screening criteria.

■ Loan Conditions

The biggest feature of this program is that it is a collateral-free, guarantee-free loan. It is structured to supply funds without requiring separate collateral or guarantees from young people who have difficulty obtaining loans at general financial institutions due to their credit or income levels.

• Loan limit: up to 5 million won
• Interest rate: 4.5% per annum or below

However, actual applied interest rates and available loan amounts may vary depending on the applicant's circumstances and screening results, so it is necessary to confirm them in advance.

■ How to Apply and Contact Information

Applications are accepted on a rolling basis with no separate deadline. Young people wishing to apply can visit Miso Finance Foundation branches and related corporations nationwide to receive counseling and proceed with the application process.

The agency responsible for this program is the Korea Inclusive Finance Agency. Detailed eligibility requirements, loan conditions, and nearby Miso Finance branches can be inquired about through the Inclusive Finance Call Center at 1397. Government-published information reflects changes as of August 31.

[※ This article was written based on welfare and financial support information disclosed by the government, and actual support availability and loan conditions may vary depending on the applicant's eligibility and screening results. Before applying, please be sure to confirm the latest conditions through the Korea Inclusive Finance Agency or a Miso Finance branch. This article was written with AI assistance.]