Interest rate on bank loans reached 7.10% in 2019 in Philippines, according to the National Central Bank. This is 16.0% more than in the previous year.
Historically, interest rate on bank loans in Philippines reached an all time high of 28.6% in 1985 and an all time low of 5.53% in 2014.
Philippines has been ranked 69th within the group of 102 countries we follow in terms of interest rate on bank loans.
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