Interest Rate on Bank Loans (Local Currency) in Jamaica

Created with Highcharts 6.0.4%19761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020210102030405060
Source: World Bank
Last Updated: July 24, 2023

Interest rate on bank loans reached 11.5% in 2021 in Jamaica, according to the National Central Bank. This is 4.71% less than in the previous year.

Historically, interest rate on bank loans in Jamaica reached an all time high of 49.5% in 1994 and an all time low of 11.5% in 2021.

Jamaica has been ranked 29th within the group of 94 countries we follow in terms of interest rate on bank loans.

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