Lending interest rate | Myanmar
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Overview
The average lending rate in Myanmar in 2020 was 14.83%. In 2019, the value was amounted to 16.00%. This is the first year of decline after a period of growth. Since 1994, for the whole period of statistics, this indicator has decreased in 1.37 times. The lowest credit rate meets the short- and medium-term financing needs of the private sector in Myanmar was recorded in 2020, with a value of 14.83%. The highest value was in end-2010, when it reached 20.92%.
Additional infomation:
About indicator
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.


