South Korea’s new loans, deposit interest rates dip in July

Average loan rates to the corporate and household sectors fell.

Average interest rate on new deposits in South Korea was 2.51% in July 2025, down 4 basis points (bp) the previous month, according to data from the Bank of Korea (BOK).

The average interest rate of outstanding amounts of deposits as of end-July was 2.12, 3 bp lower from end-June.

Average interest rate on new loans also fell to 4.06%, a 3 bp decline from the previous month.

Average interest rate on outstanding amounts of loans as of end-July was 4.3%, 5 bp lower than in June.

Interest rates to the corporate sector fell 0.05% to 4.25% in July; whilst for the household sector, it fell 0.04% to 4.39%.