Interest Rate on Bank Loans (Local Currency) in Australia

Interest rate on bank loans reached 5.10% in 2019 in Australia, according to the National Central Bank. This is 3.04% less than in the previous year.

Historically, interest rate on bank loans in Australia reached an all time high of 16.5% in 1989 and an all time low of 5.00% in 1960.

Australia has been ranked 86th within the group of 102 countries we follow in terms of interest rate on bank loans.