Household Loans, July 2026

In July 2026, the outstanding balance of household loans across all financial sectors increased KRW6.2 trillion (preliminary), rising at a slower pace compared with the previous month (up KRW8.3 trillion).

(By Type)  Home-backed mortgage loans increased KRW3.5 trillion, growing at a slower pace compared with the previous month (up KRW4.5 trillion). Banks (up KRW4.3 trillion → up KRW3.4 trillion) and nonbanks (up KRW0.3 trillion → up KRW0.1 trillion) both saw the pace of growth decelerating.

Other types of loans edged up KRW2.7 trillion, rising at a slower pace compared the previous month (up KRW3.8 trillion) with credit loans growing at a slower level (up KRW2.6 trillion → up KRW2.0 trillion).

(By Sector)  In July 2026, household loans in the banking sector rose KRW5.4 trillion, slowing down from the growth of KRW7.6 trillion in the previous month. Banks’ own mortgage loans (up KRW2.9 trillion → up KRW2.5 trillion) and policy-based mortgage loans (up KRW1.4 trillion → up KRW0.9 trillion) both edged up at slower rates. Other types of loans (up KRW3.3 trillion → up KRW2.0 trillion) also decelerated.

In the nonbanking sector, household loans rose KRW0.8 trillion, growing at a similar level seen in the previous month (up KRW0.8 trillion). Mutual finance businesses (up KRW0.2 trillion → down KRW0.7 trillion) saw the pace of growth turning back lower, while savings banks (down KRW0.2 trillion → up KRW0.5 trillion) and specialized credit finance businesses (down KRW0.2 trillion → up KRW0.3 trillion) saw the pace of growth shifting back higher. Insurance companies (up KRW1.1 trillion → up KRW0.7 trillion) saw the pace of growth decelerating.

(Assessment)  In July 2026, the pace of household loan growth for home-backed mortgage loans (up KRW4.5 trillion → up KRW3.5 trillion) and other types of loans (up KRW3.8 trillion → up KRW2.7 trillion) slowed down due to the effects of self-regulatory and voluntary management measures implemented by financial companies.