Mongolia Lending Rate
Lending interest rate FR.INR.LEND
Mongolia's lending rate was 16.01% in 2021, ranked 93rd globally. This represents a 5.5% decrease from 2020. Data from World Bank, covering 1998–2021.
Overview
Mongolia's lending rate stood at 16.01% in 2021, a decline of +0.92pp from 2020. Mongolia ranked 93rd globally.
Mongolia’s lending rate has fallen dramatically over the 24‑year span covered by World Bank data, dropping from an all‑time peak of 48.06% in 1998 to a trough of 16.01% in 2021, a decline of more than two‑thirds and placing the country at rank 93 globally for the latest year. The steep reduction reflects a broader liberalisation of the financial sector, tighter monetary policy and improved macro‑economic stability that have lowered borrowing costs for firms and households. By 2021 Mongolia’s rate of 16.01% is closely aligned with peer economies such as Honduras (15.97%) and South Sudan (16.09%), underscoring a convergence toward regional norms after a period of exceptionally high rates. The downward trajectory has been reinforced by modest inflation, a strengthening of the tugrik and incremental reforms in banking supervision. Continued fiscal prudence, further deepening of capital markets and sustained price stability will be critical to keep the lending rate on a declining path and support credit growth.
Data & projection
| Year | Lending Rate | YoY change | Rank |
|---|---|---|---|
| 2021 | 16.01% | −0.92pp | #93 |
| 2020 | 16.93% | −0.07pp | #97 |
| 2019 | 17.00% | −0.72pp | #101 |
| 2018 | 17.71% | −2.29pp | #104 |
| 2017 | 20.01% | +0.27pp | #123 |
| 2016 | 19.74% | +0.18pp | #125 |
| 2015 | 19.56% | +0.54pp | #123 |
| 2014 | 19.03% | +0.54pp | #126 |
| 2013 | 18.48% | +0.37pp | #127 |
| 2012 | 18.11% | +1.50pp | #119 |
| 2011 | 16.61% | −3.46pp | #110 |
| 2010 | 20.07% | −1.60pp | #117 |
| 2009 | 21.67% | +1.08pp | #122 |
| 2008 | 20.58% | −1.25pp | #120 |
| 2007 | 21.83% | −5.11pp | #118 |
Detected Pattern
Analysis
Mongolia matched the Export Boom Cycle pattern in 2023. Historically, 71% of countries showing this pattern (546 out of 768) saw lending rate improve within 24 months. View full analysis →
Frequently Asked Questions
Mongolia's lending rate was 16.01% in 2021. Ranked 93rd globally. This represents a 5.5% decrease from the previous year.
Mongolia's lending rate peaked at 48.06% in 1998.
The lowest lending rate in Mongolia was 16.01% in 2021.
Mongolia ranks 93rd globally in lending rate as of 2021.
The World Bank indicator code is FR.INR.LEND. Data sourced from World Bank.
The lending rate of Mongolia in 2021 was 16.01%. This ranks 93rd in the world.
Cite this page
@misc{historysaid_mongolia_lending-rate,
title = {Mongolia Lending Rate},
url = {https://historysaid.com/mongolia/lending-rate/},
publisher = {HistorySaid},
year = {2026}
}