Interest Rate on Bank Loans (Local Currency) in Singapore

Interest rate on bank loans reached 5.25% in 2021 in Singapore, according to the National Central Bank. This is 0% more than in the previous year.

Historically, interest rate on bank loans in Singapore reached an all time high of 13.6% in 1981 and an all time low of 5.25% in 2021.

Singapore has been ranked 73rd within the group of 94 countries we follow in terms of interest rate on bank loans.