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Interest Rate on Bank Loans (Local Currency) in Chile

Source: OECD, National Central Bank, Banking and Financial Institutions Supervisory Agency
Last Updated: Apr 1, 2021

Interest rate on bank loans reached 4.18 % in 2018 in Chile, according to the National Central Bank. This is 8.23 % less than in the previous year.

Historically, interest rate on bank loans in Chile reached an all time high of 163 % in 1977 and an all time low of 4.18 % in 2018. When compared to Chile's main peers, interest rate on bank loans in Argentina amounted to 48.5 %, 8.04 % in Bolivia and 12.2 % in Uruguay in 2018.

Chile has been ranked 89th within the group of 97 countries we follow in terms of interest rate on bank loans, 25 places behind the position seen 10 years ago.

The lending interest rate is the rate charged by banks on loans to prime customers.

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