Why is this important
The dynamics of interest rates on retail loans directly reflects the availability of borrowed funds for the population. Lowering microcredit and car loan rates reduces household debt burden and expands consumer demand opportunities. For the banking system, this is also a signal about easing lending conditions and changing monetary conditions.
What happened
- The Central Bank published interest rates on microloans and car loans issued to the population by commercial banks as of December 29, 2025.
- According to the data, the average interest rate on microloans was 31.1%, and on car loans – 23.4%.
- The indicated values are the lowest since the beginning of the publication of relevant statistics.
- Over the past five months, the average interest rate on microloans has decreased by 3.8 percentage points, and on car loans – by 2.7 percentage points.
Numbers and facts
- The average interest rate on microloans in the banking system as of December 29, 2025, is 31.1%.
- The minimum microloan rate was recorded at Anorbank at 41.3%, and the maximum at Aloqabank at 23.5%, with most banks offering rates ranging from 25% to 33%.
- The average interest rate on car loans is 23.4%.
- The lowest rates for car loans are offered by Infinbank – 18.3% and Ipoteka bank – 19.9%, while the maximum values reach 26.6% at Trustbank.
- Compared to July 2, 2025, the average interest rate on microloans decreased by 3.8 percentage points, and on car loans by 2.7 percentage points.
- The data is calculated based on information about loans issued to individuals and reflects the average values for the banking sector.
Context
- The decrease in average rates indicates that retail lending for the population is gradually becoming cheaper.
- For borrowers, this means more affordable conditions for attracting funds, especially in the auto loan segment.
- For the economy as a whole, such dynamics can contribute to supporting consumption and domestic demand.
- The decrease in rates occurs against the backdrop of adjusting monetary conditions and competition between commercial banks for retail customers.
