Jeonse loan interest rate South Korea Q3 2022-Q4 2024

Published by
H. Yoo,
Jan 28, 2025

As of the fourth quarter of 2024, the interest rate for leasehold deposit, or "jeonse," loans in South Korea stood at 4.3 percent. While the "jeonse" interest rate saw a significant increase between the third quarter of 2022 and the first quarter of 2023, it has since begun to decline. "Jeonse" is a rental deposit system unique to South Korea where tenants pay large amounts of money up-front in exchange for a two-year tenancy with little to no monthly rent.

Interest rate for leasehold deposit loans in South Korea from 3rd quarter 2022 to 4th quarter 2024

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Release date

January 2025

Region

South Korea

Survey time period

Q3 2022 to Q4 2024

Special properties

based on outstanding

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