Business credit interest rate, percent
| Latest value
||Bank of Korea
For that indicator, we provide data for South Korea from January 1996 to June 2023. The average value for South Korea during that period was 6.13 percent with a minimum of 2.67 percent in May 2021 and a maximum of 17.44 percent in January 1998.
Click on the following link to see the values of Business credit interest rate, percent
around the world.
Longer historical series
* indicates monthly or quarterly data series
Source: Bank of Korea
Definition: The business credit interest rate is the average interest rate on the loan products offered by commercial banks to non-financial corporations. The business credit is a credit specifically intended for business purposes including secured and unsecured business loans to small or large business with variable or fixed interest rate.