Major domestic commercial banks have virtually exhausted their household loan capacity this year. As the increase in credit loans continues, housing collateralized loans are decreasing and loan interest rates are rising sharply, which is expected to increase the burden on actual borrowers. The five major banks have already exceeded their annual household loan targets, and the amount of new housing collateralized loans handled and approved is declining. This is because the Bank of Korea's benchmark interest rate hike is leading to an increase in loan interest rates. Banks are expected to maintain high loan interest rates for overall management, which could further increase the burden on actual homebuyers.
