Singapore Lending Rate
Lending interest rate FR.INR.LEND
Singapore's lending rate was 5.25% in 2021, ranked 23rd globally. This represents a 0.0% increase from 2020. Data from World Bank, covering 1978–2021.
Overview
Singapore's lending rate stood at 5.25% in 2021, a rise of +0.00pp from 2020. Singapore ranked 23rd globally.
Singapore's lending rate has demonstrated a downward trend over the past four decades, reaching a record low of 5.25% in 2021. This value not only represents the all-time trough but also places the country at the 23rd position globally, closely matched by peer nations such as Botswana and Macao SAR, China, which also recorded a 5.25% lending rate in 2021. In contrast, the lending rate peaked at 13.64% in 1981, a significant increase from the 7.17% recorded in 1978. The decline in lending rates reflects Singapore's stable economic environment, low inflation, and robust monetary policy. As the country continues to navigate the complexities of global economic shifts, a potential increase in interest rates in response to rising inflation could alter the trajectory of Singapore's lending rate, potentially reversing the downward trend observed in recent years.
Data & projection
| Year | Lending Rate | YoY change | Rank |
|---|---|---|---|
| 2021 | 5.25% | +0.00pp | #23 |
| 2020 | 5.25% | +0.00pp | #20 |
| 2019 | 5.25% | −0.08pp | #19 |
| 2018 | 5.33% | +0.05pp | #23 |
| 2017 | 5.28% | −0.07pp | #31 |
| 2016 | 5.35% | +0.00pp | #32 |
| 2015 | 5.35% | +0.00pp | #31 |
| 2014 | 5.35% | −0.03pp | #29 |
| 2013 | 5.38% | +0.00pp | #29 |
| 2012 | 5.38% | +0.00pp | #24 |
| 2011 | 5.38% | +0.00pp | #24 |
| 2010 | 5.38% | +0.00pp | #24 |
| 2009 | 5.38% | +0.00pp | #22 |
| 2008 | 5.38% | +0.05pp | #17 |
| 2007 | 5.33% | +0.02pp | #12 |
Detected Pattern
Analysis
Singapore matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw lending rate improve within 24 months. View full analysis →
Frequently Asked Questions
Singapore's lending rate was 5.25% in 2021. Ranked 23rd globally. This represents a 0.0% increase from the previous year.
Singapore's lending rate peaked at 13.65% in 1981.
The lowest lending rate in Singapore was 5.25% in 2019.
Singapore ranks 23rd 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 Singapore in 2021 was 5.25%. This ranks 23rd in the world.
Cite this page
@misc{historysaid_singapore_lending-rate,
title = {Singapore Lending Rate},
url = {https://historysaid.com/singapore/lending-rate/},
publisher = {HistorySaid},
year = {2026}
}