Interest Rate on Bank Loans rose to 27.9% in Mozambique in 2017

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

Interest rate on bank loans reached 30.0 % in 1997 in Mozambique, according to the National Central Bank. This is 7.58 % more than in the previous year.

Historically, interest rate on bank loans in Mozambique reached an all time high of 30.0 % in 1997 and an all time low of 14.8 % in 2014. When compared to Mozambique's main peers, interest rate on bank loans in Malawi amounted to 28.3 %, 20.0 % in South Africa, 26.3 % in Tanzania and 46.7 % in Zambia in 1997.

Mozambique has been ranked 26th within the group of 132 countries we follow in terms of interest rate on bank loans.

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%
Kenya % 15.0% 19.7% 17.3% 16.5% 16.1%
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%
Uganda % 21.8% 26.2% 23.3% 21.6% 22.6%
Zambia % 18.8% 12.2% 9.52% 11.6% 13.3%
Zimbabwe % ... ... ... 11.6% 9.74% 9.47% 8.54%