Interest rate on bank loans fell 8.90% to 7.25% in Swaziland in 2021, according to the National Central Bank.
Historically, interest rate on bank loans in Swaziland reached an all time high of 20.6% in 1985 and an all time low of 7.25% in 2021. When compared to Swaziland's main peers, interest rate on bank loans in Botswana amounted to 5.25%, 8.21% in Lesotho, 18.2% in Mozambique and 7.04% in South Africa in 2021.
Swaziland has been ranked 54th within the group of 94 countries we follow in terms of interest rate on bank loans, 24 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 |
| Botswana | % | 7.95% | 7.30% | 6.88% | 6.50% | 6.40% | ||||||||||||||||
| Lesotho | % | 10.6% | 11.6% | 11.6% | 11.4% | 11.3% | ||||||||||||||||
| Malawi | % | 44.4% | 44.1% | 38.6% | 32.3% | 25.7% | ||||||||||||||||
| 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% | ||||||||||||||||
| Tanzania | % | 16.1% | 16.0% | 17.8% | 17.4% | 17.0% | ... | |||||||||||||||
| 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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