Interest rate on bank loans reached 10.6 % in 2017 in Russia, according to the National Central Bank. This is 16.2 % less than in the previous year.
Historically, interest rate on bank loans in Russia reached an all time high of 320 % in 1995 and an all time low of 8.46 % in 2011. When compared to Russia's main peers, interest rate on bank loans in China amounted to 4.35 %, 0.994 % in Japan and 3.90 % in USA in 2017.
Russia has been ranked 49th within the group of 110 countries we follow in terms of interest rate on bank loans, 36 places above the position seen 10 years ago.
The lending interest rate is the rate charged by banks on loans to prime customers.