Interest rate on bank loans reached 11.5 % in 2005 in Morocco, according to the National Central Bank. This is the same as in the previous year.
Historically, interest rate on bank loans in Morocco reached an all time high of 13.8 % in 1997 and an all time low of 7.00 % in 1978. When compared to Morocco's main peers, interest rate on bank loans in Algeria amounted to 8.00 %, 23.1 % in Mauritania and 7.97 % in Spain in 2005.
Morocco has been ranked 66th within the group of 153 countries we follow in terms of interest rate on bank loans, 37 places above the position seen 10 years ago.
The lending interest rate is the rate charged by banks on loans to prime customers.