Interest Rate on Bank Loans (Local Currency) in Somalia

Interest rate on bank loans reached 33.7% in 1988 in Somalia, according to the National Central Bank. This is 53.0% more than in the previous year.

Historically, interest rate on bank loans in Somalia reached an all time high of 33.7% in 1988 and an all time low of 7.00% in 1975.

Somalia has been ranked 8th within the group of 97 countries we follow in terms of interest rate on bank loans.