{"id":839053,"date":"2026-08-02T03:45:44","date_gmt":"2026-08-02T03:45:44","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/839053\/"},"modified":"2026-08-02T03:45:44","modified_gmt":"2026-08-02T03:45:44","slug":"household-loans-rise-sharply-in-july-on-fast-growing-mortgage-credit-loans","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/839053\/","title":{"rendered":"Household loans rise sharply in July on fast-growing mortgage, credit loans"},"content":{"rendered":"<p><img src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/08\/2e888293-6a94-451f-8726-171f223140c4.jpg\" style=\"height: auto; aspect-ratio: 1920 \/ 1387; width: 100%\" alt=\"Apartment complexes in Seoul's Gangnam District, July 13 \/ Yonhap\" decoding=\"async\" loading=\"eager\" fetchpriority=\"high\"\/><\/p>\n<p>Apartment complexes in Seoul&#8217;s Gangnam District, July 13 \/ Yonhap<\/p>\n<p class=\"editor-p\">Household loans by major banks rose sharply in July despite tight borrowing regulations, as mortgage and credit loans picked up, financial data showed Sunday.<\/p>\n<p class=\"editor-p\">Outstanding household loans at five major lenders \u2014 KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank and NH Nonghyup Bank \u2014 stood at 778.8 trillion won ($538.6 billion) as of Thursday, up 3.8 trillion won from the previous month, according to data compiled by the banks.<\/p>\n<p class=\"editor-p\">The rise in household loans by banks was mainly attributed to a gain in mortgage loans, which increased 2.3 trillion won to 617.4 trillion won in July from a month earlier, marking the sharpest on-month gain since August last year.<\/p>\n<p class=\"editor-p\">Experts said demand for borrowing remained strong amid surging housing prices in Seoul and parts of the greater metropolitan area.<\/p>\n<p class=\"editor-p\">At the same time, outstanding credit loans totaled 110 trillion won as of Thursday, up 1.4 trillion won from 108.7 trillion won at the end of June.<\/p>\n<p class=\"editor-p\">The July balance marked the largest since March 2023, when it stood at 111.2 trillion won.<\/p>\n<p class=\"editor-p\">The increase in credit was driven largely by overdraft, as investors borrowed more short-term funds to hunt for bargains as the stock market suffered a sharp drop in the last week of July.<\/p>\n","protected":false},"excerpt":{"rendered":"Apartment complexes in Seoul&#8217;s Gangnam District, July 13 \/ Yonhap Household loans by major banks rose sharply in&hellip;\n","protected":false},"author":2,"featured_media":839054,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-839053","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/839053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=839053"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/839053\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/839054"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=839053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=839053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=839053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}