EMI Calculator South Korea
Work out your monthly loan instalment in KRW, see the total interest, and compare it against rates South Korea banks actually publish.
Click any bank to use their rate. Green = best deal
See how changes affect your loan
How is EMI calculated?
EMI = P × r × (1+r)n / ((1+r)n - 1). P = loan amount, r = monthly rate, n = months. Our calculator does this instantly.
What's a safe EMI-to-salary ratio?
Keep total EMIs under 40-50% of salary. Banks use Debt Burden Ratio (DBR) — UAE banks cap at 50%.
Longer tenure = lower EMI?
Yes — but you pay more total interest. A 5-year loan costs less overall than a 10-year loan at the same rate.
Loan interest rates in South Korea
Buzdy tracks 12 banks in South Korea with 86 branches across 32 cities. EMI results on this page are shown in KRW. The rates below are the ones those banks publish — use them in the calculator instead of a guess.
Looking for a credit card in South Korea?
Compare what banks in South Korea actually offer — rates, fees and eligibility, updated for 2026.
Credit card interest rates in South Korea
| Card | Bank | Interest rate | Annual fee | Interest-free days |
|---|---|---|---|---|
| IBK Mile & Joy SKYPASS Card | Industrial Bank of Korea | 15.0% - 19.9% p.a. | 20,000 KRW | Up to 50 days |
| CLUB Premier Travel Card | Hana Card | 15.0% - 19.9% p.a. | 50,000 KRW | Up to 50 days |
| IBK TMON Card | Industrial Bank of Korea | 15.0% - 19.9% p.a. | 10,000 KRW | Up to 50 days |
| IBK Daily With Card | Industrial Bank of Korea | 15.0% - 19.9% p.a. | 10,000 KRW (domestic) / 13,000 KRW (international) | Up to 50 days |
| BC Bujadwaseyo Card | BC Card | 15.0% - 19.9% p.a. | 10,000 KRW | Up to 50 days |
| BC K-First Card | BC Card | 15.0% - 19.9% p.a. | 15,000 KRW | Up to 50 days |
| BC &POP Card | BC Card | 15.0% - 19.9% p.a. | 10,000 KRW | Up to 50 days |
| Card Standard EVERY 1 | Woori Card | 15.0% - 19.9% p.a. | 12,000 KRW | Up to 50 days |
| Card Standard PREMIUM POINT | Woori Card | 15.0% - 19.9% p.a. | 50,000 KRW | Up to 50 days |
| Card Standard WOWRI | Woori Card | 15.0% - 19.9% p.a. | 15,000 KRW | Up to 50 days |
| CLUB Signature SKYPASS Card | Hana Card | 15.0% - 19.9% p.a. | 100,000 KRW | Up to 50 days |
| 1Q Card Daily | Hana Card | 15.0% - 19.9% p.a. | 12,000 KRW | Up to 50 days |
| Hana 1Q Card | Hana Card | 15.0% - 19.9% p.a. | 15,000 KRW (domestic) / 18,000 KRW (international) | Up to 50 days |
| LOCA for Shopping | Lotte Card | 15.0% - 19.9% p.a. | 15,000 KRW | Up to 50 days |
| LIKIT FUN Card | Lotte Card | 15.0% - 19.9% p.a. | 12,000 KRW | Up to 50 days |
| LOCA LIKIT 1.2 | Lotte Card | 15.0% - 19.9% p.a. | 15,000 KRW (waived with 5M KRW annual spend) | Up to 50 days |
| Korean Air Card Edition2 | Hyundai Card | 15.0% - 19.9% p.a. | 30,000 KRW - 100,000 KRW (varies by tier) | Up to 50 days |
| Hyundai Card M BOOST | Hyundai Card | 15.0% - 19.9% p.a. | 15,000 KRW (domestic) / 18,000 KRW (international) | Up to 50 days |
| Hyundai Card X Edition2 | Hyundai Card | 15.0% - 19.9% p.a. | 100,000 KRW | Up to 50 days |
| Hyundai Card M Edition3 | Hyundai Card | 15.0% - 19.9% p.a. | 15,000 KRW (domestic) / 18,000 KRW (international) | Up to 50 days |
| Samsung Card taptap S | Samsung Card | 1.50% per month | — | — |
| Shinhan Card The Classic Platinum | Shinhan Card | 1.50% per month | — | — |
| Shinhan Card Mr.Life | Shinhan Card | 1.50% per month | — | — |
| Shinhan Card Deep Dream | Shinhan Card | 1.50% per month | — | — |
| Samsung Card iD Platinum | Samsung Card | 1.50% per month | — | — |
Relevant if you convert a card purchase into monthly instalments. 26 cards with a published rate.
Worked example — repaying KRW 1,000,000 of card balance over 5 years in South Korea
- Balance
- KRW 1,000,000
- Rate used
- 15% a year
- Tenure
- 60 months
- Monthly EMI
- KRW 23,790
- Total interest
- KRW 427,396
Rate taken from Hyundai Card M Edition3 (Hyundai Card) — the lowest published credit card rate we hold for South Korea. Buzdy does not yet hold personal loan rates for South Korea, so this uses card interest — the rate that applies when you convert a purchase to instalments or carry a balance. Change the numbers in the calculator above for your own case.
Banks we track in South Korea
Keep going in South Korea
Guides for South Korea
South Korea — frequently asked questions
What does KRW 1,000,000 on a credit card cost per month in South Korea?
At 15% a year over 60 months the instalment works out at about KRW 23,790, or KRW 427,396 of interest in total. That rate comes from Hyundai Card M Edition3 by Hyundai Card, the lowest published credit card rate Buzdy holds for South Korea. We do not yet hold personal loan rates for South Korea — bank loan rates are usually well below card rates.
What interest rate do credit cards charge in South Korea?
Across the 26 cards with a published rate in South Korea, quoted rates run from 1.5% per month to 15% a year. Card interest only applies if you carry a balance past the interest-free period.
Where can I apply for a loan in South Korea?
Buzdy maps 86 bank branches in South Korea across 32 cities. Open the branch directory to find the nearest one to you.
How is EMI calculated?
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the amount borrowed, r the monthly rate (annual rate ÷ 12 ÷ 100) and n the number of months. The calculator above uses exactly this formula.