South Korea: Mortgage credit interest rate

* indicates monthly or quarterly data series
 South Korea

Mortgage credit interest rate, percent

 Latest value 3.94
 Reference March 2024
 Measure percent
 Data availability September 2001 - March 2024
 Average 4.56
 Min - Max 2.39 - 7.58
 Source Bank of Korea
For that indicator, we provide data for South Korea from September 2001 to March 2024. The average value for South Korea during that period was 4.56 percent with a minimum of 2.39 percent in August 2020 and a maximum of 7.58 percent in October 2008. Click on the following link to see the values of Mortgage credit interest rate, percent around the world.
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* indicates monthly or quarterly data series


Recent values chart
South Korea - Mortgage credit interest rate - recent values

Historical chart
South Korea - Mortgage credit interest rate - historical chart - 2001-2024
Measure: percent
Source: Bank of Korea


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Definition: The mortgage credit interest rate is the average interest rate on mortgage loan products offered to individuals and households by the commercial banks in the country. The mortgage credit is a loan used to finance the purchase of real estate.

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 Exchange rate regimes 7 2021 index points
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 Consumer Price Index (CPI) 112.8500 9/2023 index points
 Inflation, monthly 0.51 9/2023 percent
 Inflation, annual 3.70 9/2023 percent
 Private sector credit 3,227,684.80 9/2023 billion
 Business credit 1,930,596.40 9/2023 billion
 Household credit 1,297,088.40 9/2023 billion
 Mortgage credit 659,363.10 9/2023 billion
 Consumer credit 637,725.30 9/2023 billion
 Deposit interest rate 3.95 9/2023 percent
 Business credit interest rate 5.27 9/2023 percent
 Mortgage credit interest rate 4.35 9/2023 percent
 Policy rate 3.50 9/2023 percent
 Household debt to GDP 101.50 9/2023 percent
 Debt service ratios for private non-financial sector 23.80 Q3/2023 percent
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