Interest Rate on Bank Loans (Local Currency) in Iceland

Interest rate on bank loans reached 5.40% in 2021 in Iceland, according to the National Central Bank. This is 6.16% less than in the previous year.

Historically, interest rate on bank loans in Iceland reached an all time high of 47.0% in 1982 and an all time low of 5.40% in 2021.

Iceland has been ranked 71st within the group of 94 countries we follow in terms of interest rate on bank loans.