Interest rate on bank loans reached 8.00 % in 2019 in Algeria, according to the National Central Bank. This is the same as in the previous year.
Historically, interest rate on bank loans in Algeria reached an all time high of 19.0 % in 1996 and an all time low of 3.00 % in 1980.
Algeria has been ranked 62nd within the group of 92 countries we follow in terms of interest rate on bank loans, 31 places above the position seen 10 years ago.
The lending interest rate is the rate charged by banks on loans to prime customers.