Interest Rate on Bank Loans (Local Currency) in Zimbabwe

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 94 countries we follow in terms of interest rate on bank loans.