Jamaica

Business Credit Interest Rate

9.05
percent
Oct 96Apr 98Oct 99Apr 01Oct 02Apr 04Oct 05Apr 07Oct 08Apr 10Oct 11Apr 13Oct 14Apr 16Oct 17Apr 19Oct 20Aug 220.00015.0030.0045.0060.00
  • Jamaica
  • Global Median
Source: IMF

Definition of Business Credit Interest Rate

The business credit interest rate is the average interest rate on the loan products offered by commercial banks to non-financial corporations. The business credit is a credit specifically intended for business purposes including secured and unsecured business loans to small or large business with variable or fixed interest rate.

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