Interest rate on bank loans fell 12.8% to 6.86% in Namibia in 2021, according to the National Central Bank.
Historically, interest rate on bank loans in Namibia reached an all time high of 23.4% in 1991 and an all time low of 6.86% in 2021. When compared to Namibia's main peers, interest rate on bank loans in Angola amounted to 19.4%, 5.25% in Botswana, 7.04% in South Africa and 45.5% in Zimbabwe in 2021.
Namibia has been ranked 60th within the group of 94 countries we follow in terms of interest rate on bank loans, 21 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 |
| Angola | % | 16.9% | 15.8% | 15.8% | 20.7% | 19.3% | ||||||||||||||||
| Botswana | % | 7.95% | 7.30% | 6.88% | 6.50% | 6.40% | ||||||||||||||||
| Dem. Republic of the Congo | % | ... | ... | ... | ... | ... | 19.4% | 19.0% | 20.6% | 24.7% | 26.7% | |||||||||||
| Lesotho | % | 10.6% | 11.6% | 11.6% | 11.4% | 11.3% | ||||||||||||||||
| Mozambique | % | 14.9% | 21.2% | 27.9% | 23.0% | 19.0% | ||||||||||||||||
| Namibia | % | 9.32% | 9.84% | 10.0% | 10.1% | 9.88% | ||||||||||||||||
| South Africa | % | 9.42% | 10.5% | 10.4% | 10.1% | 10.1% | ||||||||||||||||
| Swaziland | % | 9.04% | 10.3% | 10.8% | 10.3% | 10.1% | ||||||||||||||||
| Zambia | % | 13.3% | 15.5% | 12.4% | 9.79% | 10.3% | ... | |||||||||||||||
| Zimbabwe | % | ... | ... | ... | 8.54% | 7.11% | 6.91% | 7.13% | 16.2% |
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