Interest Rate on Bank Loans (Local Currency) in Jamaica

Interest rate on bank loans reached 11.5% in 2021 in Jamaica, according to the National Central Bank. This is 4.71% less than in the previous year.

Historically, interest rate on bank loans in Jamaica reached an all time high of 49.5% in 1994 and an all time low of 11.5% in 2021.

Jamaica has been ranked 29th within the group of 94 countries we follow in terms of interest rate on bank loans.