Interest rate on bank loans reached 2.88% in 2021 in South Korea, according to the National Central Bank. This is 2.94% more than in the previous year.
Historically, interest rate on bank loans in South Korea reached an all time high of 15.3% in 1998 and an all time low of 2.80% in 2020.
South Korea has been ranked 91st within the group of 94 countries we follow in terms of interest rate on bank loans.
Buy annual subscriptions for all our products.
Helgi Library 
