Interest rate on bank loans reached 37.5 % in 2019 in Brazil, according to the National Central Bank. This is 4.12 % less than in the previous year.
Historically, interest rate on bank loans in Brazil reached an all time high of 86.4 % in 1998 and an all time low of 27.4 % in 2013.
Brazil has been ranked 3rd within the group of 92 countries we follow in terms of interest rate on bank loans, 1 places behind the position seen 10 years ago.
The lending interest rate is the rate charged by banks on loans to prime customers.