The weighted average rate for new bank loans stood at an annualized 5.46 percent in January, down 0.10 percentage points from the previous month, according to the Bank of Korea (BOK).
The BOK left its benchmark interest rate unchanged at 3.50 percent earlier this month, after delivering seven back-to-back rate hikes for the past one and a half years.
Rate for fresh bank loans to households declined 0.13 percentage points over the month to 5.47 percent in January.
The mortgage loan rate lost 0.05 percentage points to 4.58 percent, and the credit loan rate dipped 0.76 percentage points to 7.21 percent.
Rate for the bank's new corporate loans retreated 0.09 percentage points to 5.47 percent last month.
The lending rate for big companies slipped 0.02 percentage points to 5.30 percent, and the rate for small companies decreased 0.09 percentage points to 5.67 percent.
The weighted average rate for new bank deposits sank 0.39 percentage points from a month earlier to an annualized 3.83 percent in January, continuing to slide for the second successive month.
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