* indicates monthly or quarterly data series
Business credit interest rate, percent in South Korea, October, 2018:
For that indicator, Bank of Korea provides data for South Korea from 1996 to 2018. The average value for South Korea during that period was 6.66 percent with a minumum of 3.37 percent in July 2016 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.
Measure: percent
Source: Bank of Korea
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.
