Interest rate on bank loans reached 3.43% in third quarter of 2015 in South Korea, according to the National Central Bank. This is 1.06% less than in the previous quarter.
Historically, interest rate on bank loans in South Korea reached an all time high of 17.3% in 1Q1998 and an all time low of 3.43% in 3Q2015.
South Korea has been ranked 94th within the group of 100 countries we follow in terms of interest rate on bank loans.
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