Commercial Bank Prime Lending Rate by Country

This Chart shows Commercial Bank Prime Lending Rate by Country.

Prime lending rate is a term applied in many countries to reference an interest rate used by banks. The term originally indicated the interest rate at which banks lent to favored customers—i.e., those with good credit—but this is no longer always the case. Some variable interest rates may be expressed as a percentage above or below prime rate.

Bank rate, also referred to as the discount rate of interest which a central bank charges on the loans and advances to a commercial bank. The bank rate is known by a number of different terms depending on the country and has changed over time in some countries as the mechanism used to manage the rate have changed.

This is a list of countries by a simple average of annualized interest rates of commercial banks for charging on new loans, denominated in the national currency, to their most credit-worthy customers.