Kenya vs Mongolia: Lending interest rate
Kenya
16.6%
in 2024
Mongolia
16.0%
in 2021
Kenya rank
27th
Mongolia rank
29th
Lending interest rate over time
- Kenya
- Mongolia
How they compare
Kenya currently reports 16.6% against 16.0% in Mongolia, a difference of 0.6%.
The two have swapped places 2 times across 24 shared years of data; in 1998 it was Mongolia ahead.
Globally, Kenya ranks 27th and Mongolia ranks 29th of 148 countries.
Individual pages
About this data
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.