Sri Lanka: Lending interest rate

The latest value from 2019 is 11.24 percent, a decline from 11.55 percent in 2018. In comparison, the world average is 11.43 percent, based on data from 114 countries. Historically, the average for Sri Lanka from 2001 to 2019 is 11.97 percent. The minimum value, 6.96 percent, was reached in 2015 while the maximum of 18.89 percent was recorded in 2008. See the global rankings for that indicator or use the country comparator to compare trends over time.

The lending interest rate in Sri Lanka 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.