Loan rates have gone up for two months...Household loans rise to highest in more than two years

Bank lending rates have been on the rise for two months.

According to the Bank of Korea's "weighted average interest rate on financial institutions" released today (27th), deposit banks' lending rates rose 0.05%p to 4.67% per year in October.

Specifically, the interest rate on household loans rose 0.32%p from September to 4.55%, the third month of gains.

The rise is the largest in two years and a month since September last year when it was 0.39%p.

Mortgage rates, a subsection, also rose 0.31%p to 4.05%, the largest in two years and a month.

In addition to the five-year rise in bank bonds, which is the benchmark interest rate, the Bank of Korea analyzed that the banking sector raised the additional interest rate to manage household debt.

In addition, the corporate loan rate fell 0.06 percentage point to 4.71%.

In addition, the interest rate for receiving savings fell 0.03%p to 3.37% per year.

The difference between the loan interest rate and the deposit interest rate, which is the difference between the loan interest rate and the receiving interest rate, expanded 0.08%p to 1.3%p based on the new handling amount.