Lending interest rate | Colombia

The average lending rate in Colombia in 2024 was 16.37%. In 2023, the value was amounted to  21.03%. This is the first year of decline after a period of growth. Since 1986, for the whole period of statistics, this indicator has decreased in 2.46 times. The lowest credit rate meets the short- and medium-term financing needs of the private sector in Colombia was recorded in 2021, with a value of 9.34%. The highest value was in end-1991, when it reached 46.42%.