Interest Rate on Bank Loans (Local Currency) fell 1.60% to 6.40% in Botswana in 2019

Interest Rate on Bank Loans (Local Currency) (%), 2019
Banking | Botswana | January 1, 2021
$2.99
Excel Sheet

Interest rate on bank loans fell 1.60% to 6.40% in Botswana in 2019, according to the National Central Bank.

Historically, interest rate on bank loans in Botswana reached an all time high of 24.2% in 1982 and an all time low of 6.40% in 2019. When compared to Botswana's main peers, interest rate on bank loans in Namibia amounted to 9.88%, 10.1% in South Africa, 10.3% in Zambia and 16.2% in Zimbabwe in 2019.

Botswana has been ranked 68th within the group of 92 countries we follow in terms of interest rate on bank loans, 14 places below the position seen 10 years ago.

Interest Rate on Bank Loans (Local Currency) Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Angola % 15.8% 16.4% 16.9% 15.8% 15.8%
Botswana % 10.2% 9.00% 7.95% 7.30% 6.88%
Dem. Republic of the Congo % ... ... ... ... ... ... ... 19.4% 18.7% 19.4% 19.0% 20.6%
Lesotho % 9.92% 10.3% 10.6% 11.6% 11.6%
Mozambique % 15.3% 14.8% 14.9% 21.2% 27.9%
Namibia % 8.29% 8.70% 9.32% 9.84% 10.0%
South Africa % 8.50% 9.13% 9.42% 10.5% 10.4%
Swaziland % 8.50% 8.63% 9.04% 10.3% 10.8%
Tanzania % 15.9% 16.3% 16.1% 16.0% 17.8%
Zambia % 9.52% 11.6% 13.3% 15.5% 12.4%
Zimbabwe % ... ... ... 9.74% 9.47% 8.54% 7.11% 6.91%