Interest rate on bank loans reached 48.3% in 2021 in Madagascar, according to the National Central Bank. This is 1.19% less than in the previous year.
Historically, interest rate on bank loans in Madagascar reached an all time high of 60.0% in 2017 and an all time low of 22.3% in 1989.
Madagascar has been ranked 1st within the group of 94 countries we follow in terms of interest rate on bank loans.
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