Interest rate on bank loans reached 16.1 % in 2019 in Egypt, according to the National Central Bank. This is 12.0 % less 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 19th within the group of 92 countries we follow in terms of interest rate on bank loans, 44 places above the position seen 10 years ago.
The lending interest rate is the rate charged by banks on loans to prime customers.