Interest Rate on Bank Loans (Local Currency) in Canada

Interest rate on bank loans reached 2.70% in 2017 in Canada, according to the National Central Bank. This is 0% more than in the previous year.

Historically, interest rate on bank loans in Canada reached an all time high of 19.3% in 1981 and an all time low of 2.40% in 2009.

Canada has been ranked 116th within the group of 119 countries we follow in terms of interest rate on bank loans.