Interest Rate on Bank Loans (Local Currency) fell 30.4% to 19.5% in Gambia in 2021

Interest rate on bank loans fell 30.4% to 19.5% in Gambia in 2021, according to the National Central Bank.

Historically, interest rate on bank loans in Gambia reached an all time high of 36.5% in 2004 and an all time low of 14.5% in 1985.

Gambia has been ranked 8th within the group of 94 countries we follow in terms of interest rate on bank loans, 4 places below the position seen 10 years ago.