Tonga

Mortgage Interest Rate

8.1
percent
Jun 03Jun 04Jun 05Jun 06Jun 07Jun 08Jun 09Jun 10Jun 11Jun 12Jun 13Jun 14Jun 15Jun 16Jun 17Jun 18Jun 19Sep 20Dec 210.0004.0008.00012.0016.00
  • Tonga
  • Global Median
Source: IMF

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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