Lending interest rate in Singapore
Singapore: Lending interest rate was 5.2% in 2021. ▼ Falling
Lending interest rate in Singapore, 1978–2021
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for lending interest rate in Singapore is 5.2%, measured in 2021. That is the lowest value across all 44 years on record.
That represents a change of down 2.4% over ten years.
Over the whole period, lending interest rate in Singapore peaked at 13.6% in 1981 and was at its lowest, 5.2%, in 2019.
Singapore ranks 119th of 148 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 44 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.8% | 7.2% | 8.5% | 2 |
| 1980s | 8.8% | 6.0% | 13.6% | 10 |
| 1990s | 6.4% | 5.4% | 7.6% | 10 |
| 2000s | 5.4% | 5.3% | 5.8% | 10 |
| 2010s | 5.3% | 5.2% | 5.4% | 10 |
| 2020s | 5.2% | 5.2% | 5.2% | 2 |
Countries ranked near Singapore
More financial sector data for Singapore
- Net migration 16,892 (2025)
- Total reserves in months of imports 4.39 (2025)
- Net domestic credit 701.01 billion current LCU (2020)
- Domestic credit to private sector by banks 128.4% (2020)
- Net foreign assets 407.83 billion current LCU (2020)
- Claims on central government, etc. 16.2% (2020)
- Monetary Sector credit to private sector 128.4% (2020)
- Domestic credit to private sector 128.4% (2020)
- Broad money 147.7% (2020)
- Official exchange rate 1.31 LCU per US$, period average (2025)
Frequently asked questions
- What is lending interest rate in Singapore?
- Lending interest rate in Singapore was 5.2% in 2021, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest lending interest rate recorded in Singapore?
- The highest recorded value was 13.6% in 1981.
- What is the lowest lending interest rate recorded in Singapore?
- The lowest recorded value was 5.2% in 2019.
- How does Singapore rank for lending interest rate?
- Singapore ranks 119th out of 148 countries with data for 2021.
- Is lending interest rate rising or falling in Singapore?
- Over the last ten years it is down 2.4%. The long-run trend across the full record is falling.
- Where does this Singapore 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.
Download this data
CSV · JSON — 44 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.