Interest rate on bank loans reached 15.0 % in 2008 in Chad, according to the National Central Bank. This is the same as in the previous year.
Historically, interest rate on bank loans in Chad reached an all time high of 22.0 % in 1996 and an all time low of 8.50 % in 1979. When compared to Chad's main peers, interest rate on bank loans in Cameroon amounted to 15.0 %, 4.98 % in Niger and 15.1 % in Nigeria in 2008.
Chad has been ranked 44th within the group of 153 countries we follow in terms of interest rate on bank loans, 2 places behind the position seen 10 years ago.
The lending interest rate is the rate charged by banks on loans to prime customers.