Interest rate on bank loans reached 5.85 % in 2016 in Germany, according to the National Central Bank. This is 15.1 % more than in the previous year.
Historically, interest rate on bank loans in Germany reached an all time high of 14.7 % in 1981 and an all time low of 3.68 % in 2011. When compared to Germany's main peers, interest rate on bank loans in Austria amounted to 5.29 %, 9.50 % in Belgium, 5.51 % in France and 3.52 % in Poland in 2016.
Germany has been ranked 89th within the group of 134 countries we follow in terms of interest rate on bank loans, 45 places above the position seen 10 years ago.
The lending interest rate is the rate charged by banks on loans to prime customers.