Interest rate on bank loans reached 17.0 % in 2017 in Mauritania, according to the National Central Bank. This is the same as in the previous year.
Historically, interest rate on bank loans in Mauritania reached an all time high of 28.0 % in 1999 and an all time low of 10.0 % in 1989. When compared to Mauritania's main peers, interest rate on bank loans in Algeria amounted to 8.00 %, 5.14 % in Mali and 5.14 % in Senegal in 2017.
Mauritania has been ranked 20th within the group of 110 countries we follow in terms of interest rate on bank loans, 10 places behind the position seen 10 years ago.
The lending interest rate is the rate charged by banks on loans to prime customers.