Interest rate on bank loans fell 5.20% to 9.34% in Colombia in 2021, according to the National Central Bank.
Historically, interest rate on bank loans in Colombia reached an all time high of 46.4% in 1991 and an all time low of 9.34% in 2021.
Colombia has been ranked 37th within the group of 94 countries we follow in terms of interest rate on bank loans, 18 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 |
Bolivia | % | 8.07% | 7.95% | 8.11% | 8.04% | 8.40% | ||||||||||||||||
Brazil | % | 44.0% | 52.1% | 46.9% | 39.1% | 37.5% | ||||||||||||||||
Chile | % | 5.51% | 5.59% | 4.55% | 4.18% | ... | ... | ... | ||||||||||||||
Colombia | % | 11.4% | 14.6% | 13.7% | 12.1% | 11.8% | ||||||||||||||||
Guyana | % | 12.8% | 13.0% | 13.0% | 13.0% | 10.5% | ||||||||||||||||
Peru | % | 16.1% | 16.5% | 16.8% | 14.5% | 14.4% | ||||||||||||||||
Trinidad and Tobago | % | 8.18% | 9.00% | 9.00% | 9.09% | 9.25% | ||||||||||||||||
Venezuela | % | 19.4% | 20.8% | 21.1% | ... | ... | ... | ... |