Farmland Pension Calculator

Farmland Pension Calculator helps estimate Korea-related mortgage, jeonse loan, policy loan, or reverse-mortgage assumptions in English.

Farmland pension calculator

Uses the Korean Farmland Bank farmland-pension model for age, spouse age, farmland value, lifetime, front-loaded, withdrawal, fixed-period, management-transfer, preferred payment, risk fee, and property-tax exemption.

Korean source inputs

Monthly pension

₩702,000

Source monthly pension before taxes.

Later monthly

N/A

Front-loaded products show the later payment.

Expected total

₩193,752,000

23 expected payment years.

Withdrawal amount

N/A

Only lifetime-withdrawal products return this value.

Risk fee estimate

₩1,000,000

First-year annual risk fee estimate from the Korean source.

Property tax exempt

Yes

Source check against the KRW 600M farmland value threshold.

This English calculator calls the same pure Korean calculation function used by the Korean page. Inputs and labels are translated; the formula is not replaced by a generic stub.

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Farmland pension calculator

This English page follows the Korean Farmland Bank farmland pension calculator for age, spouse age, land value, pension type, withdrawal, and fee screening.

Age, value, and monthly cap

Farmland pension uses an applicant age range of 60 to 90. If a spouse age of at least 55 is entered, the Korean source applies the younger age when estimating the monthly pension.

The model uses the farmland value entered by the user and applies a monthly pension cap of KRW 3 million. It also checks whether farmland value is within the KRW 600 million property-tax exemption threshold used by the source.

Product types

The source supports lifetime fixed, front-loaded, lifetime-withdrawal, fixed-period, and management-transfer types. Fixed-period products use 5, 10, 15, or 20 year periods, while management-transfer products use 5 or 10 year periods.

Lifetime-withdrawal products allow a withdrawal ratio up to 30 percent. Front-loaded products pay more in the first 10 years and less afterward. Management-transfer products apply a premium factor and can exempt the annual risk fee in the Korean model.

Protection and fees

The Korean constants preserve a farmland pension protection account anti-seizure limit of KRW 1.85 million per month. The calculator also estimates a first-year risk fee using a 0.5 percent rate unless the product type exempts it.

Actual Korea Rural Community Corporation screening can still review farmland ownership, farming history, collateral, liens, and product-specific eligibility. Use the result as an estimate before checking the Farmland Bank contract terms.