Interest rate on bank loans reached 67.3 % in 2019 in Argentina, according to the National Central Bank. This is 38.6 % more than in the previous year.
Historically, interest rate on bank loans in Argentina reached an all time high of 67.3 % in 2019 and an all time low of 6.16 % in 2005. When compared to Argentina's main peers, interest rate on bank loans in Bolivia amounted to 8.40 % and 11.6 % in Uruguay in 2019.
Argentina has been ranked 1st within the group of 92 countries we follow in terms of interest rate on bank loans, 37 places above the position seen 10 years ago.
The lending interest rate is the rate charged by banks on loans to prime customers.