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Interest Rate on Bank Loans (Local Currency) in Zimbabwe

Last Updated: Dec 1, 2022

Interest rate on bank loans reached 45.5% in 2021 in Zimbabwe, according to the National Central Bank. This is 37.8% more than in the previous year.

Historically, interest rate on bank loans in Zimbabwe reached an all time high of 1,175% in 2008 and an all time low of 6.91% in 2017.

Zimbabwe has been ranked 2nd within the group of 86 countries we follow in terms of interest rate on interest rate on bank loans.


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