Interest rate on bank loans rose 2.94% to 2.88% in South Korea in 2021, according to the National Central Bank.
Historically, interest rate on bank loans in South Korea reached an all time high of 18.0% in 1980 and an all time low of 2.80% in 2020.
South Korea has been ranked 91st within the group of 94 countries we follow in terms of interest rate on bank loans, 19 places above the position seen 10 years ago.
| Interest Rate on Bank Loans (Local Currency) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Cambodia | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| China | % | 4.35% | 4.35% | 4.35% | 4.35% | 4.35% | ||||||||||||||||
| Dem. People's Republic of Korea | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| India | % | 10.0% | 9.67% | 9.51% | 9.45% | 9.47% | ||||||||||||||||
| Japan | % | 1.14% | 1.04% | 0.994% | ... | ... | ... | ... | ||||||||||||||
| Laos | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||||||||||
| Russia | % | 15.7% | 12.6% | 10.6% | 8.87% | 8.75% | ||||||||||||||||
| South Korea | % | 3.53% | 3.37% | 3.48% | 3.66% | 3.45% | ||||||||||||||||
| Thailand | % | 4.73% | 4.47% | 4.42% | 4.15% | 4.08% | ||||||||||||||||
| USA | % | 3.26% | 3.51% | 4.10% | 4.90% | 5.28% | ||||||||||||||||
| Vietnam | % | 7.12% | 6.96% | 7.07% | 7.37% | 7.71% |
Helgi Library 
