Household Loans, June 2020Jul 09, 2020

The outstanding balance of household loans in all financial sectors rose KRW8.5 trillion from the previous month in June 2020 (up 5.4% year-on-year).

By type, mortgage loans increased KRW5.1 trillion in June (up KRW2.4 trillion year-on-year). Regular mortgage loans, jeonse loans and group lending expanded KRW5.0 trillion in the banking sector, while non-banks saw an increase of KRW20 billion. Other types of loans showed an increase of KRW3.5 trillion (up KRW1.1 trillion year-on-year) as the demand for credit loans went up.

The government will closely monitor rising demand for credit loans while continuing to work on the stable management of household debt.

* Please refer to the attached PDF for details.

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