Interest rate on bank loans fell 0.300% to 11.6% in Maldives in 2021, according to the National Central Bank.
Historically, interest rate on bank loans in Maldives reached an all time high of 12.0% in 1994 and an all time low of 9.16% in 1999.
Maldives has been ranked 28th within the group of 94 countries we follow in terms of interest rate on bank loans, 39 places above the position seen 10 years ago.
Interest Rate on Bank Loans (Local Currency) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
Australia | % | 5.58% | 5.42% | 5.25% | 5.26% | 5.10% | ... | ... | ||||||||||||||
Bangladesh | % | 11.7% | 10.4% | 9.54% | 9.65% | 9.56% | ||||||||||||||||
China | % | 4.35% | 4.35% | 4.35% | 4.35% | 4.35% | ||||||||||||||||
India | % | 10.0% | 9.67% | 9.51% | 9.45% | 9.47% | ||||||||||||||||
Indonesia | % | 12.7% | 11.9% | 11.1% | 10.5% | 10.4% | ||||||||||||||||
Malaysia | % | 4.57% | 4.53% | 4.61% | 4.93% | 4.88% | ||||||||||||||||
Maldives | % | 11.1% | 10.8% | 10.2% | 10.7% | 11.5% | ||||||||||||||||
Myanmar | % | 16.0% | 16.0% | 16.0% | 16.0% | 16.0% | ... | |||||||||||||||
Pakistan | % | ... | ... | ... | 10.2% | 8.76% | 8.21% | 8.53% | 12.2% | |||||||||||||
Philippines | % | 5.58% | 5.64% | 5.63% | 6.12% | 7.10% | ... | ... | ||||||||||||||
Singapore | % | 5.35% | 5.35% | 5.28% | 5.33% | 5.25% | ||||||||||||||||
Sri Lanka | % | 6.96% | 10.5% | 11.6% | 11.6% | 11.2% | ... | ... | ||||||||||||||
Thailand | % | ... | ... | 4.73% | 4.47% | 4.42% | 4.15% | 4.08% |