Interest rate on bank loans reached 2.88% in 2021 in South Korea, according to the National Central Bank. This is 2.94% more than in the previous year.
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.
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