Philippines Lending Rate
Average bank lending rate to the private sector.
Lending Rate in the Philippines increased to 7.10 percent in 2019 from 6.12 percent in 2018.
Philippines Lending Rate — History
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Philippines Lending Rate — analysis in simple words
Latest reading
Lending Rate in the Philippines increased to 7.10 percent in 2019 from 6.12 percent in 2018.
Over the last three years it rose twice and fell once.
Recent trend
A year earlier (2018) it was 6.12%, so the latest figure is 0.98 percentage points higher.
Over the past five years the average was 6.01%, with a range from 5.58% to 7.10%. The latest value is above that five-year average.
Historical context
This data series starts in 1976 and has 44 annual observations. The latest reading is higher than 18% of all of them.
The highest value on record is 28.61% (1985) and the lowest is 5.53% (2014). The long-run average is 12.95%.
Compared with other countries
Among 119 economies with recent data, Philippines ranks 78th from the top. The median across all these economies is 8.67%, so Philippines is below the typical country.
Within East Asia & Pacific (23 economies with data) it ranks 11th; the regional median is 5.50%.
Statistics
- Latest
- 7.10%2019
- Previous
- 6.12%
- 5-year average
- 6.01%
- Long-run average
- 12.95%since 1976
- All-time high
- 28.61%1985
- All-time low
- 5.53%2014
- Observations
- 44Annual
Recent Data
| Period | Value | Change |
|---|---|---|
| 2019 | 7.10% | ▲ +0.98 pp |
| 2018 | 6.12% | ▲ +0.49 pp |
| 2017 | 5.63% | ▼ −0.01 pp |
| 2016 | 5.64% | ▲ +0.06 pp |
| 2015 | 5.58% | ▲ +0.05 pp |
| 2014 | 5.53% | ▼ −0.24 pp |
| 2013 | 5.77% | ▲ +0.09 pp |
| 2012 | 5.68% | ▼ −0.98 pp |
| 2011 | 6.66% | ▼ −1.01 pp |
| 2010 | 7.67% | ▼ −0.89 pp |
| 2009 | 8.57% | ▼ −0.18 pp |
| 2008 | 8.75% | ▲ +0.06 pp |
| 2007 | 8.69% | ▼ −1.09 pp |
| 2006 | 9.78% | ▼ −0.41 pp |
| 2005 | 10.18% | ▲ +0.11 pp |
| 2004 | 10.08% | ▲ +0.61 pp |
| 2003 | 9.47% | ▲ +0.33 pp |
| 2002 | 9.14% | ▼ −3.26 pp |
| 2001 | 12.40% | ▲ +1.49 pp |
| 2000 | 10.91% | ▼ −0.87 pp |
| 1999 | 11.78% | ▼ −5.00 pp |
| 1998 | 16.78% | ▲ +0.50 pp |
| 1997 | 16.28% | ▲ +1.44 pp |
| 1996 | 14.84% | ▲ +0.16 pp |
| 1995 | 14.68% | ▼ −0.37 pp |
| 1994 | 15.06% | ▲ +0.37 pp |
| 1993 | 14.68% | ▼ −4.80 pp |
| 1992 | 19.48% | ▼ −3.59 pp |
| 1991 | 23.07% | ▼ −1.04 pp |
| 1990 | 24.12% |
Lending Rate — Philippines vs Peers
Latest available reading for each economy (periods may differ). Philippines highlighted.
More Philippines indicators
Understanding Lending Rate — a simple guide
What it measures
The average rate banks charge on loans to the private sector.
How it is calculated
Average rate charged by banks on new loans to businesses and households.
A 9% lending rate means a ₹1 lakh loan costs about ₹9,000 a year in interest.
Higher rates make borrowing more expensive.
Lower rates make credit cheaper.
Why it matters for the economy and markets
Lending rates determine the cost of credit for businesses and households.
How to read it
The gap between lending and deposit rates (the spread) reflects banking-sector costs and risk.
Data source
World Bank — World Development Indicators (series FR.INR.LEND), annual data from 1976 to 2019. Values are shown exactly as published by the source and may be revised later.
How to use the chart
Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.
Frequently asked questions
What is the current lending rate of Philippines?
What is the highest and lowest lending rate of Philippines?
What does lending rate measure?
Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.