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Interest Rate on Bank Loans (Local Currency) in South Africa

Source: OECD, South African Reserve Bank
Last Updated: July 24, 2023

Interest rate on bank loans reached 9.67% in fourth quarter of 2015 in South Africa, according to the National Central Bank. This is 1.75% more than in the previous quarter.

Historically, interest rate on bank loans in South Africa reached an all time high of 25.0% in 3Q1998 and an all time low of 8.50% in 3Q2012.

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