The outstanding balance of loans to households increased KRW6.1 trillion in all financial sectors at the end of October 2021 (up 8.6% y-o-y). The balance of household loans increased KRW5.2 trillion in the banking sector and KRW0.9 trillion in the non-banking sector, showing a steady decline in the growth rate.

All financial sectors (y-o-y): +10.0% (Jul) → +9.5% (Aug) → +9.2% (Sep) → +8.6% (Oct)

By type, mortgage loans went up KRW5.3 trillion in October, growing at a slower rate compared with the previous month (up KRW6.7 trillion) as the volume of housing transactions dropped.  Other types of loans including credit loans grew at a slower rate (up KRW0.8 trillion) compared with the previous month (up KRW1.2 trillion).