The annualized rate for fresh loans, extended by deposit-taking banks to households, stood at 2.92 percent in June, up 0.03 percentage points from the previous month, according to the Bank of Korea (BOK).
It was the highest in 17 months since January 2020 amid the growing expectations for the benchmark interest rate hike as early as August. The key rate has been left unchanged at an all-time low of 0.50 percent since May last year.
The rate for mortgage loans advanced 0.05 percentage points over the month to an annualized rate of 2.74 percent in June, logging the highest in two years since June 2019.
The annualized rate for credit loans to households added 0.06 percentage points to 3.69 percent last month.
The rate for banks' corporate loans came to an annualized rate of 2.72 percent in June, up 0.05 percentage points from a month earlier.
The lending rate for big corporations increased from 2.42 percent in May to 2.53 percent in June, and the reading for loans to small companies gained 2.83 percent to 2.85 percent in the cited month.
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