Lending interest rate in India
India: Lending interest rate was 8.6% in 2022. ▼ Falling
Lending interest rate in India, 1978–2022
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
In 2022, lending interest rate in India stood at 8.6%.
The figure is down 1.5% on the previous year and down 19.2% over ten years.
Over the whole period, lending interest rate in India peaked at 18.9% in 1992 and was at its lowest, 8.3%, in 2010.
That places India 73rd out of 149 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently falling across the 45 years of available data.
Lending interest rate in India, year by year
| Year | % | Change |
|---|---|---|
| 1978 | 13.5% | — |
| 1979 | 14.5% | +7.4% |
| 1980 | 16.5% | +13.8% |
| 1981 | 16.5% | +0.0% |
| 1982 | 16.5% | +0.0% |
| 1983 | 16.5% | +0.0% |
| 1984 | 16.5% | +0.0% |
| 1985 | 16.5% | +0.0% |
| 1986 | 16.5% | +0.0% |
| 1987 | 16.5% | +0.0% |
| 1988 | 16.5% | +0.0% |
| 1989 | 16.5% | +0.0% |
| 1990 | 16.5% | +0.0% |
| 1991 | 17.9% | +8.3% |
| 1992 | 18.9% | +5.8% |
| 1993 | 16.2% | -14.1% |
| 1994 | 14.8% | -9.2% |
| 1995 | 15.5% | +4.8% |
| 1996 | 16.0% | +3.2% |
| 1997 | 13.8% | -13.3% |
| 1998 | 13.5% | -2.1% |
| 1999 | 12.5% | -7.4% |
| 2000 | 12.3% | -2.0% |
| 2001 | 12.1% | -1.7% |
| 2002 | 11.9% | -1.4% |
| 2003 | 11.5% | -3.8% |
| 2004 | 10.9% | -4.7% |
| 2005 | 10.8% | -1.5% |
| 2006 | 11.2% | +4.1% |
| 2007 | 13.0% | +16.4% |
| 2008 | 13.3% | +2.2% |
| 2009 | 12.2% | -8.5% |
| 2010 | 8.3% | -31.6% |
| 2011 | 10.2% | +22.0% |
| 2012 | 10.6% | +4.3% |
| 2013 | 10.3% | -2.9% |
| 2014 | 10.2% | -0.4% |
| 2015 | 10.0% | -2.4% |
| 2016 | 9.7% | -3.4% |
| 2017 | 9.5% | -1.7% |
| 2018 | 9.5% | -0.6% |
| 2019 | 9.5% | +0.1% |
| 2020 | 9.2% | -3.3% |
| 2021 | 8.7% | -4.9% |
| 2022 | 8.6% | -1.5% |
India compared with similar countries
- India's 8.6% is below the median for lower middle income countries, which is 11.1%, 77% of the median. (38 countries reporting)
- India's 8.6% is below the median for South Asia, which is 11.2%, 76% of the median. (5 countries reporting)
Biggest year-on-year movements
Years where Lending interest rate in India changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | -31.6% | 12.2% | 8.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.0% | 13.5% | 14.5% | 2 |
| 1980s | 16.5% | 16.5% | 16.5% | 10 |
| 1990s | 15.6% | 12.5% | 18.9% | 10 |
| 2000s | 11.9% | 10.8% | 13.3% | 10 |
| 2010s | 9.8% | 8.3% | 10.6% | 10 |
| 2020s | 8.8% | 8.6% | 9.2% | 3 |
Countries ranked near India
More financial sector data for India
- Reserve position in the IMF, US dollar, annual growth rate 13.2 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 3.26 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 7.8 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0009 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 2.38 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 13.2 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 3.26 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 7.8 % change on previous year (2025)
Frequently asked questions
- What is lending interest rate in India?
- Lending interest rate in India was 8.6% in 2022, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest lending interest rate recorded in India?
- The highest recorded value was 18.9% in 1992.
- What is the lowest lending interest rate recorded in India?
- The lowest recorded value was 8.3% in 2010.
- How does India rank for lending interest rate?
- India ranks 73rd out of 149 countries with data for 2022.
- Is lending interest rate rising or falling in India?
- Over the last ten years it is down 19.2%. The long-run trend across the full record is falling.
- Where does this India data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Lending interest rate (%). Statizoid updates them automatically from the source API.
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About this data
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.