Why is this important
Information enables the public to compare the terms offered by different banks and select the most suitable loans. In times of high household debt, variations in interest rates can considerably influence the overall cost of a loan.
What happened
- microloans: average rate — 35.3%. The lowest: Aloqabank (22.7%), Orient Finans Bank (26.1%), Uzmilliybank (26.1%).
- TBC Bank (42.5%), Anor Bank (41.2%), Tenge Bank (39.7%).
Car loans: average rate — 23.7%.
- the lowest: Garant Bank (19.3%), Ipoteka-Bank (20.1%), Orient Finans Bank (21.7%);
- highest: Infin Bank (28.0%), Madad Invest Bank (27.9%), Hamkorbank (27.8%).
Context
Loan rates in Uzbekistan remain high: the Central Bank’s key interest rate is currently 14%, and inflation stands at around 9%. Banks factor in the risk of non-payment and the high cost of funding when setting loan prices. For comparison, in 2024, the average microloan rate was maintained at 37-38%.
