Average New Mortgage Loans in Q2 Reach 208.29 Million Won… Largest Drop on Record Due to Lending Regulations
4 Articles
4 Articles
Sharp drop to the 20 million won range… Total household loan average at 34.14 million won, lowest in 3 years and 3 months. Average mortgage balance for those in their 20s surpasses 200 million won… "Possibility of rebound in new household loans due to easing of total volume regulations." As household loan regulations in the financial sector continued in the second quarter of this year, new household loans and
The volume of new household loans decreased in the second quarter due to the government's tightening of real estate loan regulations. In particular, mortgage loans saw the largest decline since 2013, while credit loans increased due to factors such as stock investments. The downward trend in lending was pronounced in the Seoul region, and it was recorded that the 20s were the only age group to see an increase in loan amounts.
[Digital Daily Reporter Kim Nam-gyu] It was found that while the volume of new household loans taken out by borrowers decreased in the second quarter of this year, the total debt per borrower, including existing loans, increased to 97.9 million won. In particular, the outstanding balance of mortgage loans exceeded 160 million won, continuing its upward trend. According to the ‘Household Debt Statistics by Borrower for the Second Quarter of 2026…
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