{
  "id": 14604664,
  "title": "Household loans grow slowest in 7 months in Sept. on tighter rules, higher rates",
  "url": "https://urgent.news/2026/10/15/household-loans-grow-slowest-in-7-months-in-sept-on-tighter-rules",
  "topic": "world",
  "section": "World",
  "published": "2026-10-15T03:52:04.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/economy/20261015/household-loans-grow-slowest-in-7-months-in-sept-on-tighter-rules-higher-rates"
  },
  "original_language": "en",
  "account": "Banks extended household loans by the smallest amount in seven months in September, according to data from the Bank of Korea. The total outstanding household loans reached 1,198.9 trillion won, marking a slight increase of 0.6 trillion won compared to August. This represents a slowdown from the previous month's growth of 3.5 trillion won. Mortgage loans saw a 2.9 trillion won increase, while other household loans declined by 2.3 trillion won. The Bank of Korea raised its benchmark interest rate to 3 percent in July and August, the first consecutive rate hikes since January 2023. Meanwhile, household loans issued by all financial institutions decreased by 2.2 trillion won in September compared to the previous month.",
  "summary": "Household loans extended by banks increased by the smallest in seven months in September amid tightened lending regulations and higher interest rates, central bank data showed Thursday. Outstanding household loans extended by banks stood at 1,198.9 trillion won ($895.5 billion) last month, up 0.6 trillion won from a month earlier, slowing from the previous month's 3.5 trillion-won rise, according…",
  "key_points": [
    "Household loans grew slowest in September in 7 months",
    "Total outstanding household loans rose 0.6 trillion won",
    "Bank of Korea raised interest rates in July and August"
  ],
  "editors_take": "Stricter lending regulations and recent interest rate hikes are successfully curbing consumer borrowing, signaling a cooling period for household debt expansion after months of more rapid growth.",
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "Household loans grow slowest in 7 months in Sept. on tighter rules, higher rates",
        "url": "https://urgent.news/2026/10/15/household-loans-grow-slowest-in-7-months-in-sept-on-tighter-rules-14614690",
        "published": "2026-10-15T03:01:20.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Household loans grow slowest in 7 months in Sept. on tighter rules, higher rates",
        "url": "https://urgent.news/2026/10/15/household-loans-grow-slowest-in-7-months-in-sept-on-tighter-rules-14607856",
        "published": "2026-10-15T04:12:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}