Interest Rate on Bank Loans (Local Currency) in Tanzania

Interest rate on bank loans reached 16.7% in 2020 in Tanzania, according to the National Central Bank. This is 1.72% less than in the previous year.

Historically, interest rate on bank loans in Tanzania reached an all time high of 37.8% in 1995 and an all time low of 6.54% in 1978.

Tanzania has been ranked 16th within the group of 97 countries we follow in terms of interest rate on bank loans.