Interest rate on bank loans fell 4.90% to 6.87% in Mauritius in 2021, according to the National Central Bank.
Historically, interest rate on bank loans in Mauritius reached an all time high of 21.9% in 2007 and an all time low of 6.87% in 2021. When compared to Mauritius's main peers, interest rate on bank loans in Comoros amounted to 7.88%, 48.3% in Madagascar, 11.6% in Maldives and 9.16% in Seychelles in 2021.
Mauritius has been ranked 59th 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 |
| Comoros | % | 10.5% | 10.5% | 10.5% | 10.5% | 10.5% | ||||||||||||||||
| India | % | 10.0% | 9.67% | 9.51% | 9.45% | 9.47% | ||||||||||||||||
| Indonesia | % | 12.7% | 11.9% | 11.1% | 10.5% | 10.4% | ||||||||||||||||
| Kenya | % | 16.1% | 16.6% | 13.7% | 13.1% | 12.4% | ||||||||||||||||
| Madagascar | % | 56.7% | 60.0% | 60.0% | 55.4% | 49.0% | ||||||||||||||||
| Maldives | % | 11.1% | 10.8% | 10.2% | 10.7% | 11.5% | ||||||||||||||||
| Mauritius | % | 8.50% | 8.50% | 8.50% | 8.50% | 8.45% | ||||||||||||||||
| Mozambique | % | 14.9% | 21.2% | 27.9% | 23.0% | 19.0% | ||||||||||||||||
| Seychelles | % | 12.4% | 12.4% | 12.2% | 12.3% | 12.6% | ||||||||||||||||
| Singapore | % | 5.35% | 5.35% | 5.28% | 5.33% | 5.25% | ||||||||||||||||
| South Africa | % | 9.42% | 10.5% | 10.4% | 10.1% | 10.1% | ||||||||||||||||
| Sri Lanka | % | 6.96% | 10.5% | 11.6% | 11.6% | 11.2% | ... | ... | ||||||||||||||
| Swaziland | % | 9.04% | 10.3% | 10.8% | 10.3% | 10.1% | ||||||||||||||||
| Tanzania | % | 16.1% | 16.0% | 17.8% | 17.4% | 17.0% | ... |
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