Interest rate on bank loans fell 4.94% to 8.70% in India in 2021, according to the National Central Bank.
Historically, interest rate on bank loans in India reached an all time high of 18.9% in 1992 and an all time low of 8.33% in 2010.
India has been ranked 41st within the group of 94 countries we follow in terms of interest rate on bank loans, 27 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 |
| Afghanistan | % | ... | ... | ... | ... | ... | 15.0% | 15.0% | 14.8% | ... | ... | ... | ... | |||||||||
| Bangladesh | % | 11.7% | 10.4% | 9.54% | 9.65% | 9.56% | ||||||||||||||||
| Bhutan | % | 14.9% | 14.2% | 14.3% | 14.0% | 14.0% | ||||||||||||||||
| China | % | 4.35% | 4.35% | 4.35% | 4.35% | 4.35% | ||||||||||||||||
| India | % | 10.0% | 9.67% | 9.51% | 9.45% | 9.47% | ||||||||||||||||
| Iran | % | ... | ... | ... | 14.2% | 18.0% | ... | ... | ... | ... | ... | |||||||||||
| Japan | % | 1.14% | 1.04% | 0.994% | ... | ... | ... | ... | ||||||||||||||
| 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% | |||||||||||||
| Russia | % | 15.7% | 12.6% | 10.6% | 8.87% | 8.75% | ||||||||||||||||
| Sri Lanka | % | 6.96% | 10.5% | 11.6% | 11.6% | 11.2% | ... | ... | ||||||||||||||
| USA | % | 3.26% | 3.51% | 4.10% | 4.90% | 5.28% |
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