Interest rate on bank loans reached 11.6 % in 2019 in Uruguay, according to the National Central Bank. This is 5.28 % less than in the previous year.
Historically, interest rate on bank loans in Uruguay reached an all time high of 169 % in 1990 and an all time low of 8.94 % in 2007. When compared to Uruguay's main peers, interest rate on bank loans in Argentina amounted to 67.3 % and 37.5 % in Brazil in 2019.
Uruguay has been ranked 36th within the group of 92 countries we follow in terms of interest rate on bank loans, 5 places above the position seen 10 years ago.
The lending interest rate is the rate charged by banks on loans to prime customers.