Interest rate on bank loans fell 0.300% to 11.6% in Maldives in 2021, according to the National Central Bank.
Historically, interest rate on bank loans in Maldives reached an all time high of 12.0% in 1994 and an all time low of 9.16% in 1999.
Maldives has been ranked 28th within the group of 94 countries we follow in terms of interest rate on bank loans, 39 places above the position seen 10 years ago.
| Interest Rate on Bank Loans (Local Currency) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Australia | % | 5.58% | 5.42% | 5.25% | 5.26% | 5.10% | ... | ... | ||||||||||||||
| Bangladesh | % | 11.7% | 10.4% | 9.54% | 9.65% | 9.56% | ||||||||||||||||
| China | % | 4.35% | 4.35% | 4.35% | 4.35% | 4.35% | ||||||||||||||||
| India | % | 10.0% | 9.67% | 9.51% | 9.45% | 9.47% | ||||||||||||||||
| Indonesia | % | 12.7% | 11.9% | 11.1% | 10.5% | 10.4% | ||||||||||||||||
| Malaysia | % | 4.57% | 4.53% | 4.61% | 4.93% | 4.88% | ||||||||||||||||
| Maldives | % | 11.1% | 10.8% | 10.2% | 10.7% | 11.5% | ||||||||||||||||
| Myanmar | % | 16.0% | 16.0% | 16.0% | 16.0% | 16.0% | ... | |||||||||||||||
| Pakistan | % | ... | ... | ... | 10.2% | 8.76% | 8.21% | 8.53% | 12.2% | |||||||||||||
| Philippines | % | 5.58% | 5.64% | 5.63% | 6.12% | 7.10% | ... | ... | ||||||||||||||
| Singapore | % | 5.35% | 5.35% | 5.28% | 5.33% | 5.25% | ||||||||||||||||
| Sri Lanka | % | 6.96% | 10.5% | 11.6% | 11.6% | 11.2% | ... | ... | ||||||||||||||
| Thailand | % | 4.73% | 4.47% | 4.42% | 4.15% | 4.08% |
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