Average Interest Rate on Loans in Lei Reaches New Historic Low
OREANDA-NEWS. January 05, 2015. The previous historic low was registered in June 2014, when the average interest rate on MDL loans amounted to 10.03% p.a. According to the NBM, in November 2014, compared with the previous month, the average interest rate on MDL loans reduced to 0,99%.
As InfoMarket was informed in the National Bank of Moldova, in particular, the average interest rate for legal entities in November fell by 0.68% - from 10.41% to 9.73% p.a. and the average interest rate on loans to individuals decreased by 0.22%- from 12.39% to 12,17%. The highest in November was lending rate for the term of 6 to 12 months for individuals - 13,61% p.a. (the previous month - 13,88%), respectively.
The highest average interest rate with regard to rates both for individuals and legal entities, was the interest rate for the loans in lei for the period from 1 to 3 months- in November 11,769% p.a., that is 11.39% for legal entities and 12,16% for in individuals. The lowest in November 2014 was the rate on the mortgage loans for the period of from 3 to 6 months - 7.95% p.a. The lowest average rate for individuals and legal entities in November 2014 was lending rate for up to 1 month, which made up 9,39% p.a., including, 9,27% for legal entities and 10,67% for individuals.
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