Mortgage Interest Rate

Africa Ranking

percentSource: IMF
Current Rank
Country
Value
Latest Reading
Previous Rank
Previous Value
1Liberia13.389-2022113.38
2South Africa11.758-2023211.75
3Guinea-Bissau10.46-202368.18
4Niger9.616-202338.85
5Benin9.036-202348.41
6Mali8.476-202387.88
7Senegal8.273-2023106
8Togo8.26-202358.26
9Ivory Coast7.46-202377.91
10Burkina Faso6.686-202397.63

Definition of Mortgage Interest Rate

The mortgage credit interest rate is the average interest rate on mortgage loan products offered to individuals and households by the commercial banks in the country. The mortgage credit is a loan used to finance the purchase of real estate.

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