▲ This file photo shows an office of Kookmin Bank in Seoul on Nov. 24, 2025. (Yonhap)

lending rates-tally

Banks' household mortgage lending rates rise in May on higher market interest

SEOUL, June 26 (Yonhap) -- Banks' household mortgage loan rates rebounded in May from a month earlier on rising market interest, central bank data showed Friday.

The average interest rate on new bank loans stood at 4.19 percent last month, down 0.1 percentage point from a month earlier, according to the data from the Bank of Korea (BOK).

The average rate on corporate loans fell 0.01 percentage point to 4.19 percent, while the rate on new household loans rose 0.03 percentage point to 4.46 percent.

The average rate on household mortgage loans increased 0.01 percentage point, following a 0.03 percentage-point drop in April, snapping a six-month rising streak that began in October last year.

The average rate on non-mortgage household loans stood at 5.49 percent in May, down 0.14 percentage point from a month earlier.

The BOK said retail lending rates have been rising in recent months as market interest rates increased.

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