"To Apply for Jeonse Loan, Go to KakaoBank"... 0.1%P Lower Than KB, the 'Lowest Among Commercial Banks'

<28th Bank Federation Announcement>
Interest Rate Spread Between Household Loans and Deposits at 5 Major Banks Falls Below 1 Percentage Point

A customer is receiving consultation at the bank loan consultation desk. Photo by Jinhyung Kang aymsdream@

Domestic banks have disclosed their jeonse loan interest rates for the first time. KakaoBank's jeonse loan interest rate was found to be the lowest.

According to the Bankers Association disclosure on the 28th, the average interest rates for newly issued jeonse loans in June were in the 3% range at KakaoBank (3.61%), K Bank (3.90%), and IBK Industrial Bank (3.98%).

The average jeonse loan interest rates of the five major commercial banks were as follows: Kookmin Bank (3.77%), Hana Bank (4.07%), Woori Bank (4.22%), NH Nonghyup Bank (4.23%), and Shinhan Bank (4.45%).

The household loan-deposit interest rate spread of the five major banks fell below 1 percentage point. Based on new transaction amounts, the average household loan-deposit interest rate spread in June (excluding policy-based low-income financial products) was 0.928 percentage points. The interest rate spread has been declining continuously since March.

This is the first time in six months since December last year (0.728 percentage points) that the average loan-deposit interest rate spread of the five major banks has dropped below 1 percentage point. Hana Bank had the smallest interest rate spread at 0.76 percentage points.

Next were Woori Bank (0.84 percentage points), Kookmin Bank (0.87 percentage points), Shinhan Bank (0.98 percentage points), and Nonghyup Bank (1.19 percentage points) in order.

This content was produced with the assistance of AI translation services.