Interest rate on bank loans fell 1.22% to 7.72% in Papua New Guinea in 2021, according to the National Central Bank.
Historically, interest rate on bank loans in Papua New Guinea reached an all time high of 18.9% in 1999 and an all time low of 7.72% in 2021.
Papua New Guinea has been ranked 49th within the group of 94 countries we follow in terms of interest rate on bank loans, 13 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% | ... | ... | ||||||||||||||
| China | % | 4.35% | 4.35% | 4.35% | 4.35% | 4.35% | ||||||||||||||||
| Indonesia | % | 12.7% | 11.9% | 11.1% | 10.5% | 10.4% | ||||||||||||||||
| Malaysia | % | 4.57% | 4.53% | 4.61% | 4.93% | 4.88% | ||||||||||||||||
| New Zealand | % | 5.76% | 5.02% | 4.76% | ... | ... | ... | ... | ||||||||||||||
| Papua New Guinea | % | 8.73% | 8.37% | 8.39% | 9.08% | 8.65% | ||||||||||||||||
| Philippines | % | 5.58% | 5.64% | 5.63% | 6.12% | 7.10% | ... | ... | ||||||||||||||
| Singapore | % | 5.35% | 5.35% | 5.28% | 5.33% | 5.25% | ||||||||||||||||
| Taiwan | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| Vietnam | % | 7.12% | 6.96% | 7.07% | 7.37% | 7.71% |
Helgi Library 
