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Interest Rate on Bank Loans (Local Currency) in Australia

Source: OECD, Reserve Bank of Australia, Australian Prudential Regulation Authority (Figures for banks only)
Last Updated: July 24, 2023

Interest rate on bank loans reached 5.58% in fourth quarter of 2015 in Australia, according to the National Central Bank. This is 2.45% more than in the previous quarter.

Historically, interest rate on bank loans in Australia reached an all time high of 19.7% in 1Q1990 and an all time low of 5.45% in 3Q2015.

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