Interest Rate on Bank Loans (Local Currency) in Mongolia

Interest rate on bank loans reached 16.0% in 2021 in Mongolia, according to the National Central Bank. This is 5.46% less than in the previous year.

Historically, interest rate on bank loans in Mongolia reached an all time high of 300% in 1993 and an all time low of 16.0% in 2021.

Mongolia has been ranked 16th within the group of 94 countries we follow in terms of interest rate on bank loans.