Global loan lending Interest Rates by Country- Y capital Adviser

Global loan lending Interest Rates by Country

Every government has own rules for taking decisions of loan lending interest rate. Each country has central banks, they decide loan rates as per inflations. 
loan Interest rate world wide
 
Definition: Bank lending interest loan rate 
A bank loan rate is the percentage of Principle charged by the bank for the use of its money. The principle is the amount of total money lent.
When a bank loan rate hike, the new borrower will pay high-interest rate than as usual. If the bank loan rate reduces, then new users will pay low interest than as usual. The low loan rate and high loan rate do the impact on the country. If the loan rate high, many public can’t afford the loan rate.
Why do loan rates change by the bank?
Central banks generally increase interest rates when inflation is predicted to rise above their inflation target. High-interest rates moderate tendency towards economic growth. They increase the cost of borrowing, reduces disposable income and therefore limits the cost of consumer spending. High-interest rates reduce economic growth and inflation pressure.
Loan rate country wise
Country
Personal Loan
Auto Loan
India
10.75 onward
8.60 to 11.50
France
2.96
Germany
3.49 -7.49
2.75
Canada
8.50
Australia
8.49
6.79
United Kingdom
2.80
3.40
United States
7.99
0.99
India’s neighbor country
Country
personal
Auto
Nepal
11
China
6.15
Pakistan
21
Bangladesh
9.50
Lowest loan Interest rate
Country
Interest Rate
Inflation
United States
0.99
1.5
Germany
1.07
2.2
Netherlands
1.20
2.3
Switzerland
1.28
0.4
Belgium
1.39
3.1

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