Interest Rate on Bank Loans fell to 6.91% in Zimbabwe in 2017

Interest Rate on Bank Loans (%)
Banking | Zimbabwe | May 17, 2019
$2.99
Excel Sheet

Interest rate on bank loans reached 1,175 % in 2008 in Zimbabwe, according to the National Central Bank. This is 10032 % more than in the previous year.

Historically, interest rate on bank loans in Zimbabwe reached an all time high of 1,175 % in 2008 and an all time low of 6.91 % in 2017. When compared to Zimbabwe's main peers, interest rate on bank loans in Botswana amounted to 16.5 %, 18.3 % in Mozambique, 15.1 % in South Africa and 19.1 % in Zambia in 2008.

Zimbabwe has been ranked 1st within the group of 153 countries we follow in terms of interest rate on bank loans, 13 places above the position seen 10 years ago.

The lending interest rate is the rate charged by banks on loans to prime customers.

Interest Rate on Bank Loans (Local Currency) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Angola % 18.8% 16.7% 15.8% 16.4% 16.9%
Botswana % 11.0% 11.0% 10.2% 9.00% 7.95%
Dem. Republic of the Congo % 43.8% 28.4% 19.4% 18.7% 19.4%
Lesotho % 10.4% 10.1% 9.92% 10.3% 10.6%
Malawi % 23.8% 32.3% 46.0% 44.3% 44.4%
Mozambique % 19.1% 16.8% 15.3% 14.8% 14.9%
Namibia % 8.73% 8.65% 8.29% 8.70% 9.32%
South Africa % 9.00% 8.75% 8.50% 9.13% 9.42%
Swaziland % 9.00% 8.75% 8.50% 8.63% 9.04%
Tanzania % 15.0% 15.6% 15.9% 16.3% 16.1%
Zambia % 18.8% 12.2% 9.52% 11.6% 13.3%
Zimbabwe % ... ... ... 11.6% 9.74% 9.47% 8.54%