The weighted average rate for fresh bank loans was an annualized 5.17 percent in June, up 0.05 percentage points from the previous month, according to the Bank of Korea (BOK).
The BOK had left its policy rate unchanged at 3.50 percent since January, after increasing it by 3.0 percentage points for the past one and a half years.
Expectations turned higher for the BOK's policy rate hikes as the U.S. Federal Reserve heralded additional rate hikes.
Earlier this week, the U.S. Federal Reserve raised its benchmark interest rate by 25 basis points to a range of 5.25-5.50 percent, the highest in over two decades.
The rate for banks' new corporate loans advanced 0.12 percentage points over the month to 5.32 percent in June.
The lending rate for big companies climbed 0.08 percentage points to 5.25 percent, and the rate for small companies gained 0.14 percentage points to 5.37 percent.
The rate for new bank loans to households slipped 0.02 percentage points to 4.81 percent last month.
The mortgage loan rate for households picked up 0.05 percentage points to 4.26 percent, but the credit loan rate retreated 0.10 percentage points to 6.34 percent.
The weighted average rate for new bank deposits rose 0.13 percentage points from a month earlier to an annualized 3.69 percent in June.
Latest comments