South Africa - Lending interest rate

Lending interest rate (%)

The latest value for Lending interest rate (%) in South Africa was 7.04 as of 2021. Over the past 61 years, the value for this indicator has fluctuated between 22.33 in 1984 and 5.50 in 1963.

Definition: Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1960 6.21
1961 6.83
1962 6.21
1963 5.50
1964 5.79
1965 6.92
1966 7.50
1967 8.25
1968 8.33
1969 8.00
1970 8.17
1971 8.83
1972 8.79
1973 8.00
1974 10.17
1975 11.79
1976 12.25
1977 12.50
1978 12.13
1979 10.00
1980 9.50
1981 14.00
1982 19.33
1983 16.67
1984 22.33
1985 21.50
1986 14.33
1987 12.50
1988 15.33
1989 19.83
1990 21.00
1991 20.31
1992 18.91
1993 16.16
1994 15.58
1995 17.90
1996 19.52
1997 20.00
1998 21.79
1999 18.00
2000 14.50
2001 13.77
2002 15.75
2003 14.96
2004 11.29
2005 10.63
2006 11.17
2007 13.17
2008 15.13
2009 11.71
2010 9.83
2011 9.00
2012 8.75
2013 8.50
2014 9.13
2015 9.42
2016 10.46
2017 10.38
2018 10.08
2019 10.13
2020 7.71
2021 7.04

Classification

Topic: Financial Sector Indicators

Sub-Topic: Interest rates