Interest rate on bank loans reached 18.3 % in 2018 in Egypt, according to the National Central Bank. This is 13.7 % more than in the previous year.
Historically, interest rate on bank loans in Egypt reached an all time high of 20.3 % in 1992 and an all time low of 8.00 % in 1976.
Egypt has been ranked 15th within the group of 97 countries we follow in terms of interest rate on bank loans, 59 places above the position seen 10 years ago.
The lending interest rate is the rate charged by banks on loans to prime customers.