Interest rate on bank loans reached 18.1 % in 2017 in Paraguay, according to the National Central Bank. This is 0.013 % more than in the previous year.
Historically, interest rate on bank loans in Paraguay reached an all time high of 57.8 % in 2003 and an all time low of 17.2 % in 2012. When compared to Paraguay's main peers, interest rate on bank loans in Argentina amounted to 26.6 %, 8.11 % in Bolivia, 46.9 % in Brazil and 4.55 % in Chile in 2017.
Paraguay has been ranked 16th within the group of 117 countries we follow in terms of interest rate on bank loans, 11 places behind the position seen 10 years ago.
The lending interest rate is the rate charged by banks on loans to prime customers.