Lending Rate by Country
Average bank lending rate to the private sector. Latest values for 148 economies.
Among 148 countries, Madagascar has the highest lending rate at 60.00% and New Zealand the lowest at 0.00% (latest available readings).
Lending Rate by Region
Latest available reading (periods may differ by country). Choose a region or “All countries”.
Lending Rate — All Countries
Sorted by latest value. Click headers to re-sort.
| # | Country | Last | Previous | Period |
|---|---|---|---|---|
| 1 |  Madagascar | 60.00% | 60.00% | 2025 |
| 2 | Zimbabwe | 46.36% | 68.89% | 2025 |
| 3 | Argentina | 46.02% | 61.71% | 2025 |
| 4 | Brazil | 45.33% | 40.23% | 2025 |
| 5 | Malawi | 37.06% | 33.55% | 2024 |
| 6 | Somalia, Fed. Rep. | 33.67% | 22.00% | 1988 |
| 7 | Egypt | 24.29% | 17.76% | 2024 |
| 8 | DR Congo | 24.11% | 24.05% | 2025 |
| 9 | Tajikistan | 23.55% | 27.19% | 2019 |
| 10 | Uzbekistan | 23.13% | 22.15% | 2024 |
| 11 | Laos | 22.61% | 24.78% | 2010 |
| 12 | Yemen | 22.08% | 24.50% | 2013 |
| 13 | Gambia | 22.00% | 22.00% | 2025 |
| 14 | Sierra Leone | 21.44% | 20.58% | 2025 |
| 15 | Venezuela | 21.06% | 20.78% | 2017 |
| 16 | Uganda | 19.85% | 21.28% | 2018 |
| 17 | Kyrgyzstan | 19.78% | 19.11% | 2024 |
| 18 | Ukraine | 19.70% | 19.59% | 2025 |
| 19 | Angola | 19.37% | 19.40% | 2025 |
| 20 | Honduras | 18.58% | 16.00% | 2025 |
| 21 | Nigeria | 18.45% | 16.29% | 2025 |
| 22 | Iran | 18.00% | 14.21% | 2016 |
| 23 | Sao Tome and Principe | 17.74% | 17.84% | 2025 |
| 24 | Mozambique | 17.53% | 21.73% | 2025 |
| 25 | Russia | 17.09% | 11.62% | 2024 |
| 26 | Mauritania | 17.00% | 17.00% | 2017 |
| 27 | Tanzania | 16.68% | 16.97% | 2020 |
| 28 | Kenya | 16.59% | 13.59% | 2024 |
| 29 | Rwanda | 16.02% | 16.06% | 2024 |
| 30 | Mongolia | 16.01% | 16.93% | 2021 |
| 31 | Georgia | 15.91% | 14.94% | 2025 |
| 32 | Azerbaijan | 15.34% | 14.67% | 2025 |
| 33 | Dominican Republic | 15.25% | 14.43% | 2024 |
| 34 | Afghanistan | 14.84% | 15.00% | 2017 |
| 35 | Myanmar | 14.83% | 16.00% | 2020 |
| 36 | Suriname | 14.50% | 14.80% | 2025 |
| 37 | Colombia | 14.31% | 16.37% | 2025 |
| 38 | South Sudan | 14.29% | 14.68% | 2025 |
| 39 | Armenia | 13.78% | 13.15% | 2025 |
| 40 | Haiti | 13.01% | 13.38% | 2025 |
| 41 | Liberia | 12.99% | 13.04% | 2025 |
| 42 | Guinea | 12.88% | 19.38% | 2001 |
| 43 | Guatemala | 12.85% | 12.40% | 2025 |
| 44 | Micronesia | 12.62% | 14.47% | 2021 |
| 45 | Peru | 12.60% | 10.98% | 2022 |
| 46 | Paraguay | 12.51% | 13.54% | 2021 |
| 47 | Burundi | 12.37% | 11.86% | 2025 |
| 48 | Iraq | 12.29% | 12.60% | 2015 |
| 49 | Jamaica | 12.14% | 12.00% | 2025 |
| 50 | Bhutan | 11.76% | 10.54% | 2025 |
| 51 | Maldives | 11.63% | 11.55% | 2025 |
| 52 | Sri Lanka | 11.24% | 11.55% | 2019 |
| 53 | Lesotho | 11.21% | 11.08% | 2024 |
| 54 | Iceland | 11.01% | 12.46% | 2025 |
| 55 | Namibia | 10.96% | 10.93% | 2024 |
| 56 | Belarus | 10.95% | 9.99% | 2025 |
| 57 | Eswatini | 10.88% | 10.83% | 2024 |
| 58 | South Africa | 10.69% | 11.63% | 2025 |
| 59 | Lebanon | 10.51% | 9.10% | 2019 |
| 60 | Timor-Leste | 10.41% | 10.61% | 2025 |
| 61 | Bolivia | 10.19% | 8.80% | 2025 |
| 62 | Uruguay | 10.06% | 9.91% | 2025 |
| 63 | Seychelles | 9.85% | 9.81% | 2025 |
| 64 | Zambia | 9.48% | 10.29% | 2020 |
| 65 | Vietnam | 9.32% | 8.01% | 2023 |
| 66 | Nicaragua | 9.16% | 11.24% | 2025 |
| 67 | Mauritius | 9.00% | 9.38% | 2025 |
| 68 | Moldova | 8.99% | 8.91% | 2025 |
| 69 | Mexico | 8.79% | 11.22% | 2025 |
| 70 | Pakistan | 8.67% | 10.76% | 2021 |
| 71 | Bangladesh | 8.62% | 9.85% | 2025 |
| 72 | Croatia | 8.58% | 9.25% | 2014 |
| 73 | India | 8.57% | 8.70% | 2022 |
| 74 | Romania | 8.52% | 8.76% | 2025 |
| 75 | Indonesia | 8.50% | 8.80% | 2025 |
| 76 | Belize | 8.48% | 8.42% | 2025 |
| 77 | Vanuatu | 8.45% | 8.64% | 2025 |
| 78 | Samoa | 8.39% | 8.43% | 2025 |
| 79 | Papua New Guinea | 8.29% | 8.38% | 2024 |
| 80 | Guyana | 8.23% | 8.38% | 2025 |
| 81 | Jordan | 8.10% | 8.48% | 2025 |
| 82 | Barbados | 8.05% | 8.05% | 2022 |
| 83 | Comoros | 8.03% | 7.88% | 2022 |
| 84 | Hungary | 8.01% | 9.13% | 2025 |
| 85 | Algeria | 8.00% | 8.00% | 2025 |
| 86 | Ethiopia | 8.00% | 7.50% | 2008 |
| 87 | Cape Verde | 7.75% | 7.79% | 2025 |
| 88 | Tonga | 7.56% | 7.76% | 2025 |
| 89 | Trinidad and Tobago | 7.50% | 7.50% | 2025 |
| 90 | Philippines | 7.10% | 6.12% | 2019 |
| 91 | St Vincent and the Grenadines | 7.06% | 7.10% | 2025 |
| 92 | Panama | 6.91% | 6.94% | 2022 |
| 93 | Costa Rica | 6.88% | 7.33% | 2025 |
| 94 | Grenada | 6.86% | 6.89% | 2025 |
| 95 | Kosovo | 6.65% | 6.83% | 2018 |
| 96 | St Kitts and Nevis | 6.52% | 6.45% | 2025 |
| 97 | Albania | 6.44% | 6.35% | 2024 |
| 98 | Antigua and Barbuda | 6.39% | 6.53% | 2025 |
| 99 | Montenegro | 6.32% | 6.60% | 2025 |
| 100 | Botswana | 6.26% | 6.74% | 2024 |
| 101 | St Lucia | 6.25% | 6.29% | 2025 |
| 102 | Benin | 6.25% | 6.54% | 2021 |
| 103 | Burkina Faso | 6.25% | 6.54% | 2021 |
| 104 | Libya | 6.00% | 6.00% | 2014 |
| 105 | Norway | 5.88% | 6.15% | 2025 |
| 106 | Aruba | 5.80% | 6.10% | 2023 |
| 107 | Dominica | 5.77% | 5.83% | 2025 |
| 108 | Palestine | 5.56% | 5.52% | 2021 |
| 109 | Brunei | 5.50% | 5.50% | 2025 |
| 110 | Oman | 5.50% | 5.47% | 2021 |
| 111 | Macao | 5.45% | 6.02% | 2025 |
| 112 | North Macedonia | 5.42% | 5.85% | 2025 |
| 113 | Ivory Coast | 5.30% | 5.15% | 2016 |
| 114 | Guinea-Bissau | 5.30% | 5.15% | 2016 |
| 115 | Mali | 5.30% | 5.15% | 2016 |
| 116 | Niger | 5.30% | 5.15% | 2016 |
| 117 | Senegal | 5.30% | 5.15% | 2016 |
| 118 | Togo | 5.30% | 5.15% | 2016 |
| 119 | Singapore | 5.25% | 5.25% | 2021 |
| 120 | Hong Kong | 5.18% | 5.74% | 2025 |
| 121 | Solomon Islands | 5.18% | 10.68% | 2021 |
| 122 | Bahrain | 5.16% | 5.87% | 2015 |
| 123 | Australia | 5.10% | 5.26% | 2019 |
| 124 | Kuwait | 5.03% | 5.17% | 2025 |
| 125 | Thailand | 4.99% | 4.51% | 2025 |
| 126 | Italy | 4.89% | 2.26% | 2023 |
| 127 | Malaysia | 4.82% | 5.28% | 2025 |
| 128 | Serbia | 4.76% | 6.87% | 2010 |
| 129 | Qatar | 4.75% | 6.18% | 2025 |
| 130 | Malta | 4.71% | 4.70% | 2013 |
| 131 | Czech Republic | 4.67% | 4.71% | 2025 |
| 132 | San Marino | 4.62% | 5.49% | 2025 |
| 133 | Fiji | 4.56% | 4.97% | 2024 |
| 134 | China | 4.35% | 4.35% | 2024 |
| 135 | Bahamas | 4.25% | 4.25% | 2025 |
| 136 | Bulgaria | 4.24% | 4.54% | 2025 |
| 137 | South Korea | 4.19% | 4.73% | 2025 |
| 138 | Chile | 4.18% | 4.55% | 2018 |
| 139 | Bosnia and Herzegovina | 4.10% | 4.21% | 2025 |
| 140 | Sweden | 3.68% | 3.53% | 2006 |
| 141 | United States | 3.25% | 3.54% | 2021 |
| 142 | Israel | 2.96% | 3.10% | 2022 |
| 143 | Switzerland | 2.82% | 2.96% | 2025 |
| 144 | Canada | 2.70% | 2.70% | 2017 |
| 145 | Netherlands | 1.50% | 1.63% | 2013 |
| 146 | Japan | 0.99% | 1.04% | 2017 |
| 147 | United Kingdom | 0.50% | 0.50% | 2014 |
| 148 | New Zealand | 0.00% | 0.00% | 2025 |
Lending Rate around the world — in simple words
Overview
Lending Rate is available for 119 economies with recent data. The median value is 8.67% and the simple average is 11.59%.
Highest: Madagascar (60.00%), Zimbabwe (46.36%), Argentina (46.02%), Brazil (45.33%), Malawi (37.06%).
Lowest: New Zealand (0.00%), Switzerland (2.82%), Israel (2.96%), United States (3.25%), Bosnia and Herzegovina (4.10%).
Major economies
Among the 12 major economies tracked here, Brazil (45.33%) has the highest reading and Switzerland (2.82%) the lowest. Their median is 5.18%.
Lending Rate — Regional Medians
Median of the latest readings of countries in each World Bank region. The median is the middle value — half the countries are above it and half below.
| Region | Countries | Median |
|---|---|---|
| East Asia & Pacific | 23 | 5.50% |
| Europe & Central Asia | 23 | 8.52% |
| Latin America & Caribbean | 29 | 8.79% |
| Middle East, North Africa, Afghanistan & Pakistan | 10 | 6.78% |
| North America | 1 | 3.25% |
| South Asia | 5 | 11.24% |
| Sub-Saharan Africa | 28 | 13.64% |
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.
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 does lending rate measure?
Which country has the highest lending rate?
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.