The weighted average rate for new bank loans to households came in at an annualized rate of 4.52 percent in July, up 0.29 percentage points from the previous month, according to the Bank of Korea (BOK).
It marked the highest in over nine years since March 2013 amid the higher policy rates.
The BOK delivered its first-ever 50-basis-point rate hike in July, before lifting the key rate further by 25 basis points to 2.50 percent last week.
The rate for bank mortgage loans to households gained 0.12 percentage points over the month to 4.16 percent in July, but the credit loans rate declined 0.09 percentage points to 5.91 percent.
The weighted average rate for banks' corporate loans increased 0.28 percentage points to 4.12 percent last month, marking the highest in almost eight years since October 2014.
The rate for bank loans to big corporates advanced 0.25 percentage points to 3.84 percent, while the lending rate for small firms gained 0.30 percentage points to 4.36 percent.
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