In 2023, the average interest rate for new loans to households in South Korea stood at 4.96 percent, up from the previous year's 4.6 percent. The average interest rate for new loans to households in South Korea had been falling steadily before increasing again from 2021.
Annual average interest rate of new loans to households in South Korea from 2011 to 2023
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Bank of Korea. (November 5, 2024). Annual average interest rate of new loans to households in South Korea from 2011 to 2023 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1119986/south-korea-average-interest-rate-new-household-loans/
Bank of Korea. "Annual average interest rate of new loans to households in South Korea from 2011 to 2023." Chart. November 5, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1119986/south-korea-average-interest-rate-new-household-loans/
Bank of Korea. (2024). Annual average interest rate of new loans to households in South Korea from 2011 to 2023. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1119986/south-korea-average-interest-rate-new-household-loans/
Bank of Korea. "Annual Average Interest Rate of New Loans to Households in South Korea from 2011 to 2023." Statista, Statista Inc., 5 Nov 2024, https://www.statista.com/statistics/1119986/south-korea-average-interest-rate-new-household-loans/
Bank of Korea, Annual average interest rate of new loans to households in South Korea from 2011 to 2023 Statista, https://www.statista.com/statistics/1119986/south-korea-average-interest-rate-new-household-loans/ (last visited December 22, 2024)
Annual average interest rate of new loans to households in South Korea from 2011 to 2023 [Graph], Bank of Korea, November 5, 2024. [Online]. Available: https://www.statista.com/statistics/1119986/south-korea-average-interest-rate-new-household-loans/