Next year, as the standards for managing the total amount of household loans that banks must comply with become stricter than this year, it is expected that it will become more difficult to obtain a loan.
In mid-March, the Financial Supervisory Service requested banks to submit targets for managing the total amount of household loans for next year, and delivered guidelines to major commercial banks to manage household loans in the banking sector at an average level of 4.5% next year.
The 4.5% target for growth in household loans in the banking sector for next year is lower than this year's target of 5%.
Next year, regulations on the total debt-to-income ratio (DSR) for each borrower will also be strengthened.
In the second stage of DSR regulation next month, if the total loan amount exceeds 200 million won, it will start to determine whether the DSR exceeds 40%. .
The strengthening of loan regulations is focused on people with relatively high incomes, and it is expected that it will become more difficult for high-income and high-credit people to get loans in the future.