Compare Home Loans / Mortgages in South Korea

Compare the total cost over the initial fixed period including all fees, not just the headline rate — a lower rate with high arrangement fees often costs more over two years.

Compare the top 18 Korean home loans / mortgages providers, with rates from 3.30% initial. Data current as of 23 October 2026 and updated daily from the Giraffy database.

Live offers

20 live offers compared from 18 providers, from 3.30% initial. Updated daily.

NH Bank Housing Loan Nonghyup Bank

3.30% initial

  • Interest Rate: From 3.30% p.a.
  • Max LTV: Up to 70% (NH Bogeumjari)
  • Rate Type: Fixed
  • Max Term: Up to 30 years

Woori Bank Housing Loan Woori Bank

3.40% initial

  • Interest Rate: From 3.40% p.a.
  • Max LTV: Up to 70%
  • Rate Type: Fixed / variable
  • Max Term: Up to 30 years

IBK Mortgage Mortgage IBK Mortgage

3.45% initial

  • Interest Rate: 3.45%
  • Rate Type: Fixed 3yr then variable
  • Max LTV: 60%
  • Max Term: 30 years

Standard Chartered Korea Mortgage Standard Chartered Korea

3.45% initial

  • Interest Rate: 3.45%
  • Rate Type: Fixed 3yr then variable
  • Max LTV: 60%
  • Max Term: 25 years

Kookmin Bank Mortgage Kookmin Bank

3.45% initial

  • Interest Rate: 3.45%
  • Rate Type: Fixed 3yr then variable
  • Max LTV: 60%
  • Max Term: 25 years

Hana Bank Mortgage Hana Bank

3.50% initial

  • Interest Rate: From 3.50% p.a.
  • Max LTV: Up to 70%
  • Rate Type: Fixed / variable
  • Max Term: Up to 30 years

KB Kookmin Mortgage (mixed) KB Kookmin Bank

3.50% initial

  • Interest Rate: From 3.50% p.a.
  • Max LTV: Up to 70%
  • Rate Type: Fixed / variable mix
  • Max Term: Up to 30 years

Shinhan Bank Mortgage Shinhan Bank

3.60% initial

  • Interest Rate: From 3.60% p.a.
  • Max LTV: Up to 70%
  • Rate Type: Fixed / variable mix
  • Max Term: Up to 30 years

BNK Financial Group Mortgage BNK Financial Group

3.65% initial

  • Interest Rate: 3.65%
  • Rate Type: Variable (floating)
  • Max LTV: 70%
  • Max Term: 30 years

KEB Hana Bank Mortgage KEB Hana Bank

3.65% initial

  • Interest Rate: 3.65%
  • Rate Type: Variable (floating)
  • Max LTV: 70%
  • Max Term: 25 years

Shinhan Bank Mortgage Shinhan Bank

3.65% initial

  • Interest Rate: 3.65%
  • Rate Type: Variable (floating)
  • Max LTV: 70%
  • Max Term: 30 years

Kakao Bank Mortgage Mortgage Kakao Bank Mortgage

3.80% initial

  • Interest Rate: 3.80%
  • Rate Type: Fixed 5yr then variable
  • Max LTV: 80%
  • Max Term: 30 years

Woori Bank Mortgage Woori Bank

3.80% initial

  • Interest Rate: 3.80%
  • Rate Type: Fixed 5yr then variable
  • Max LTV: 80%
  • Max Term: 25 years

Korea Development Bank Mortgage Korea Development Bank

3.80% initial

  • Interest Rate: 3.80%
  • Rate Type: Fixed 5yr then variable
  • Max LTV: 80%
  • Max Term: 25 years

Hana Bank Mortgage Mortgage Hana Bank Mortgage

4% initial

  • Interest Rate: 4.00%
  • Rate Type: Full-term fixed
  • Max LTV: 85%
  • Max Term: 30 years

Korea Post Mortgage Mortgage Korea Post Mortgage

4% initial

  • Interest Rate: 4.00%
  • Rate Type: Full-term fixed
  • Max LTV: 85%
  • Max Term: 30 years

Toss Bank Mortgage Mortgage Toss Bank Mortgage

4% initial

  • Interest Rate: 4.00%
  • Rate Type: Full-term fixed
  • Max LTV: 85%
  • Max Term: 25 years

K Bank Mortgage K Bank

4.20% initial

  • Interest Rate: 4.20%
  • Rate Type: Tracker rate
  • Max LTV: 90%
  • Max Term: 30 years

NH NongHyup Mortgage Mortgage NH NongHyup Mortgage

4.20% initial

  • Interest Rate: 4.20%
  • Rate Type: Tracker rate
  • Max LTV: 90%
  • Max Term: 25 years

DGB Financial Group Mortgage DGB Financial Group

4.20% initial

  • Interest Rate: 4.20%
  • Rate Type: Tracker rate
  • Max LTV: 90%
  • Max Term: 25 years

What are home loans and mortgages in South Korea?

A mortgage (주택담보대출) is a long-term loan secured against a property to fund its purchase, repaid over many years. Korean home finance is shaped by high property prices, tight regulatory limits on borrowing, and a distinctive rental system (전세/월세) that sits alongside ownership. Alongside purchase mortgages, 전세 deposit loans (전세자금대출) — financing the large lump-sum deposit tenants pay under the jeonse system — are a major part of household lending.

How the Korean market works

Mortgages are provided by commercial banks, regional banks, internet banks and specialist lenders, with rates offered as fixed, variable or hybrid. Borrowing is tightly controlled by regulators: loan-to-value (LTV) and debt-to-income measures, plus the debt-service ratio (DSR), cap how much you can borrow relative to the property value and your income. Government-backed products through bodies like the Korea Housing Finance Corporation support first-time and lower-income buyers with preferential fixed-rate loans.

Benefits

Access to home ownership — Spreads a large purchase over decades so buyers don't need the full price upfront.

Fixed-rate certainty — Fixed or hybrid products lock repayments against interest-rate rises.

전세 deposit financing — Jeonse loans fund the large lump-sum rental deposit, a uniquely Korean need.

Government-backed options — Policy loans offer preferential rates to eligible first-time and lower-income buyers.

Build equity — Repaying principal steadily converts monthly payments into an owned asset rather than rent.

How to choose

Compare the interest rate and whether it's fixed, variable or hybrid, and check how much you can borrow under LTV and DSR limits for your income and the property. Weigh government-backed policy loans if you qualify, as they often beat commercial rates. Look at the term, early-repayment fees, and total interest over the loan's life. For renters, compare 전세 deposit loans separately. Internet banks may offer sharp rates, but incumbents provide fuller advice on complex cases.

Leading providers in South Korea

The major banks dominate mortgage lending: KB Kookmin Bank (the largest housing lender), Shinhan Bank, Woori Bank, Hana Bank, IBK and Nonghyup (NH) Bank, with internet bank K Bank competing on rate. Government-backed loans flow through the Korea Housing Finance Corporation via these banks. Because rates, eligibility and policy-loan access vary, comparing offers — including 전세 loan terms — across lenders is essential given the scale of the commitment.

What it costs

Mortgage rates in the brief run from about 3.3% to 4.2%, varying with the product type (fixed versus variable), your credit profile and any policy-loan subsidy. The total cost also reflects the term and any early-repayment fees. Because loan sizes are large, small rate differences translate into significant money over the life of the loan, so comparing carefully pays off.

Protections and regulation

Mortgage lending is regulated by the FSC and FSS, which set and adjust LTV, DTI and DSR limits to manage household debt and housing-market risk. Disclosure rules require clear presentation of rates, fees and total cost. The statutory maximum interest rate applies, and government-backed programmes are administered under housing-finance legislation with eligibility criteria.

Common questions

Fixed or variable rate? Fixed and hybrid loans protect against rate rises; variable can start lower but carries risk. What limits my borrowing? LTV and DSR rules cap the loan against the property value and your income. What is a 전세 loan? A jeonse deposit loan financing the large lump-sum rental deposit under Korea's jeonse system.

Mortgages in South Korea — FAQ

What home loan rate can I get in South Korea right now?

Giraffy tracks 20 home loan products across 18 lenders in South Korea. Use the sort and filter controls to compare fixed versus variable rates and initial deal lengths.

What is the difference between a fixed-rate and a variable-rate home loan?

A fixed-rate home loan locks your interest rate for a set period — typically 2, 5, or 10 years — giving payment certainty. A variable rate moves with the central bank benchmark rate set by the Financial Supervisory Service (FSS). Fixed rates suit those who want stability; variable suits those who expect rates to fall.

How much can I borrow with a home loan?

Most lenders apply an income multiple — typically 4–5× your gross annual income for a conventional home loan. Affordability assessments also factor in outgoings, existing debts, and the property's loan-to-value (LTV) ratio. A home loan adviser or broker can run a full affordability assessment for free.

What is LTV (loan-to-value) and why does it matter?

Loan-to-Value (LTV) is the home loan amount as a percentage of the property's value. A 90% LTV means you're borrowing 90% and putting down 10% as a deposit. Lower LTV means less risk for the lender — you'll typically be offered a lower interest rate with a deposit of 20–25% or more.

How long does home loan approval take?

An indicative approval can usually be obtained the same day online. Full home loan approval — after property valuation and underwriting — typically takes 2–6 weeks. Having all your documents ready (pay stubs, bank statements, ID) speeds up the process significantly.

Are there Islamic home-finance products available in South Korea?

Sharia-compliant home-finance products structure the transaction without interest, typically through Murabaha (cost-plus financing) or Ijara (lease-to-own) arrangements. Check with individual lenders for availability in your market.

What fees are charged to set up a home loan?

Lenders often charge arrangement, origination, or application fees to set up a home loan — amounts vary by lender and market. You can usually add them to the loan, but you'll pay interest on them for the full term. For large loans, a higher-fee/lower-rate deal may be cheaper overall — compare total cost over the initial fixed period.