New loan rates up, while existing loan rates fall

Home > Business > Finance

print dictionary print

New loan rates up, while existing loan rates fall

Lending rates on fresh loans extended by banks in Korea slightly rebounded in December from a month earlier, central bank data showed Thursday.

The average interest rate on all new loans extended by banks on households in the month came to 2.98 percent, up 0.02 percentage points from the month before, according to data from the Bank of Korea.

The rate on all outstanding loans averaged 3.4 percent last month, down 0.02 percentage points from November.

The average rate on fresh corporate loans, meanwhile, rose 0.07 percentage points to 3.36 percent.

The rate on home-backed loans came to 2.45 percent, an all-time low.

The interest rate paid by banks on fresh deposits, meanwhile, fell 0.02 percentage points to 1.6 percent in December.


More in Finance

Market puts Covid-19 in rearview mirror, aims for new records

Mirae Asset posts highest quarterly earnings since 2016 merger

Optimism reigns for 4th day as stocks rally

Kakao Bank's second quarter profit jumps almost nine-fold

Stocks rise to a near two-year high on U.S. stimulus hopes

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now