Jeonse loan interest rate South Korea Q4 2020-Q2 2023

Published by
H. Yoo,
Aug 3, 2023
The interest rate for leasehold deposit, or "jeonse", loans in South Korea stood at 5.26 percent in the second quarter of 2023. The "jeonse" interest rate more than doubled between 2021 and 2023, going from 2.51 to 5.26 percent. "Jeonse" is a rental deposit system unique to South Korea where tenants pay large amounts of money up-front in exchange for a two-year tenancy with little to no monthly rent.

Interest rate for leasehold deposit loans in South Korea from 4th quarter 2020 to 2nd quarter 2023

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Release date

July 2023

Region

South Korea

Survey time period

Q4 2020 to Q2 2023

Special properties

based on outstanding

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