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Interest Rate on Bank Loans (Local Currency) fell 2.70% to 7.88% in Comoros in 2021

Interest Rate on Bank Loans (Local Currency) (%), 2021
Banking | Comoros | February 2, 2023
$2.99
Excel Sheet

Interest rate on bank loans fell 2.70% to 7.88% in Comoros in 2021, according to the National Central Bank.

Historically, interest rate on bank loans in Comoros reached an all time high of 15.0% in 1983 and an all time low of 7.88% in 2021.

Comoros has been ranked 47th within the group of 94 countries we follow in terms of interest rate on bank loans, 18 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
Comoros % 10.5% 10.5% 10.5% 10.5% 10.5%
Ethiopia % ... ... ... ... ... ... ... ... ... ... ... ... ...
Kenya % 16.1% 16.6% 13.7% 13.1% 12.4%
Madagascar % 56.7% 60.0% 60.0% 55.4% 49.0%
Malawi % 44.4% 44.1% 38.6% 32.3% 25.7%
Mozambique % 14.9% 21.2% 27.9% 23.0% 19.0%
Somalia % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
South Africa % 9.42% 10.5% 10.4% 10.1% 10.1%
Swaziland % 9.04% 10.3% 10.8% 10.3% 10.1%
Tanzania % 16.1% 16.0% 17.8% 17.4% 17.0% ...
Uganda % 22.6% 23.9% 21.3% 19.8% ... ... ...
Zambia % 13.3% 15.5% 12.4% 9.79% 10.3% ...