Mongolia: Lending interest rate

* indicates monthly or quarterly data series
 Mongolia

Interest rates on bank credit to the private sector

 Latest value 16.01
 Year 2021
 Measure percent
 Data availability 1998 - 2021
 Average 25.25
 Min - Max 16.01 - 48.06
 Source The World Bank
For that indicator, we provide data for Mongolia from 1998 to 2021. The average value for Mongolia during that period was 25.25 percent with a minimum of 16.01 percent in 2021 and a maximum of 48.06 percent in 1998. The latest value from 2021 is 16.01 percent. For comparison, the world average in 2021 based on 106 countries is 9.96 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Mongolia - Lending interest rate - Recent values chart

Historical chart
Mongolia - Lending interest rate - historical chart - 1998-2021




The lending interest rate in Mongolia shown below is the interest rate on credits from banks to prime borrowers, i.e. to the lowest risk borrowers in the private sector. That includes firms and households.
Definition: 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.


 Related indicators Latest value Reference Measure
 Lending-deposit interest rate spread 6.67 2020 interest rate points
 Bank cost to income ratio 46.43 2021 percent
 Bank overhead cost 2.32 2021 percent
 Net interest margin 5.43 2021 percent
 Bank credit to deposits 76.46 2021 percent
 Return on assets 1.86 2021 percent
 Return on equity 18.32 2021 percent
 Banking system z-scores 36.25 2021 index points
 Liquid assets to deposits 48.01 2021 percent
 Non-interest income to total income 19.29 2021 percent
 Lending interest rate 16.01 2021 percent
 Real interest rate 1.39 2021 percent
 Legal rights 9.00 2020 points
 Credit information sharing 7.00 2019 points
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