Debts owed by households to deposit-taking banks advanced 4.9 trillion won (3.7 billion U.S. dollars) from a month earlier to reach a new high of 1,079.8 trillion won (805.9 billion dollars) at the end of September, according to the Bank of Korea (BOK).
The household lending had been on the rise since April as demand for mortgage loans increased amid expectations for the BOK's unwillingness to hike rates in the foreseeable future.
The BOK had left its key rate unchanged at 3.50 percent since January after raising it by 3.0 percentage points for the past one and a half years.
Banks' mortgage loan grew 6.1 trillion won (4.6 billion dollars) last month, keeping an upward trend for the seventh straight month on the supply of government-backed mortgage loans to prop up the faltering housing market.
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