Interest rate on bank loans reached 4.88 % in 2019 in Malaysia, according to the National Central Bank. This is 1.05 % less than in the previous year.
Historically, interest rate on bank loans in Malaysia reached an all time high of 12.6 % in 1985 and an all time low of 4.53 % in 2016. When compared to Malaysia's main peers, interest rate on bank loans in Singapore amounted to 5.25 %, 4.08 % in Thailand and 7.71 % in Vietnam in 2019.
Malaysia has been ranked 80th within the group of 92 countries we follow in terms of interest rate on bank loans, 40 places above the position seen 10 years ago.
The lending interest rate is the rate charged by banks on loans to prime customers.