Mongolia: Interest rates on bank credit to the private sector
For that indicator, we provide data for Mongolia from 1998 to 2019. The average value for Mongolia during that period was 26.05 percent with a minimum of 16.61 percent in 2011 and a maximum of 48.06 percent in 1998.
The latest value from 2019 is 16.92 percent. For comparison, the world average in 2019 based on 82
countries is 10.99 percent.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
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.