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Lending interest rate in India

India: Lending interest rate was 8.6% in 2022. ▼ Falling

Latest (2022)
8.6%
Change on year
down 1.5%
World rank
73rd
of 148 countries
All-time high
18.9%
in 1992
All-time low
8.3%
in 2010
Years of data
45
1978–2022

Lending interest rate in India, 1978–2022

051015201978200020221978: 13.5 %1979: 14.5 %1980: 16.5 %1981: 16.5 %1982: 16.5 %1983: 16.5 %1984: 16.5 %1985: 16.5 %1986: 16.5 %1987: 16.5 %1988: 16.5 %1989: 16.5 %1990: 16.5 %1991: 17.9 %1992: 18.9 %1993: 16.2 %1994: 14.8 %1995: 15.5 %1996: 16 %1997: 13.8 %1998: 13.5 %1999: 12.5 %2000: 12.3 %2001: 12.1 %2002: 11.9 %2003: 11.5 %2004: 10.9 %2005: 10.8 %2006: 11.2 %2007: 13 %2008: 13.3 %2009: 12.2 %2010: 8.3 %2011: 10.2 %2012: 10.6 %2013: 10.3 %2014: 10.2 %2015: 10 %2016: 9.7 %2017: 9.5 %2018: 9.5 %2019: 9.5 %2020: 9.2 %2021: 8.7 %2022: 8.6 %

Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.

Analysis

In 2022, lending interest rate in India stood at 8.6%.

The figure is down 1.5% on the previous year and down 19.2% over ten years.

Over the whole period, lending interest rate in India peaked at 18.9% in 1992 and was at its lowest, 8.3%, in 2010.

That places India 73rd out of 148 countries with data for 2022, putting it in the middle of the range.

The long-run direction has been consistently falling across the 45 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1970s 14.0% 13.5% 14.5% 2
1980s 16.5% 16.5% 16.5% 10
1990s 15.6% 12.5% 18.9% 10
2000s 11.9% 10.8% 13.3% 10
2010s 9.8% 8.3% 10.6% 10
2020s 8.8% 8.6% 9.2% 3

Countries ranked near India

  1. 70 Pakistan 8.7% compare
  2. 71 Bangladesh 8.6% compare
  3. 72 Croatia 8.6% compare
  4. 74 Romania 8.5% compare
  5. 75 Indonesia 8.5% compare
  6. 76 Belize 8.5% compare

See the full ranking of 148 places →

More financial sector data for India

All data for India →

Frequently asked questions

What is lending interest rate in India?
Lending interest rate in India was 8.6% in 2022, according to International Financial Statistics database, International Monetary Fund (IMF).
What is the highest lending interest rate recorded in India?
The highest recorded value was 18.9% in 1992.
What is the lowest lending interest rate recorded in India?
The lowest recorded value was 8.3% in 2010.
How does India rank for lending interest rate?
India ranks 73rd out of 148 countries with data for 2022.
Is lending interest rate rising or falling in India?
Over the last ten years it is down 19.2%. The long-run trend across the full record is falling.
Where does this India data come from?
The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Lending interest rate (%). Statizoid updates them automatically from the source API.

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CSV · JSON — 45 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Lending interest rate (%)
Unit
%
Source
International Financial Statistics database, International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
148 places, 4,788 data points, 1960–2025
Last refreshed

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.