Interest Rate on Bank Loans (Local Currency) in India

Interest rate on bank loans reached 8.70% in 2021 in India, according to the National Central Bank. This is 4.94% less than in the previous year.

Historically, interest rate on bank loans in India reached an all time high of 18.9% in 1992 and an all time low of 8.33% in 2010.

India has been ranked 41st within the group of 94 countries we follow in terms of interest rate on bank loans.