Interest Rates

Type of Loan   New Rate Charged to Borrower (%)  
Social Banking (Suspended)

Micro Credit

Agri Finance

   

6.50

7.50

 
Focused Sector Loans less than $50,000: – REFER TO TABLE (d) BELOW

·            Agriculture (including Forestry & Fishing)

·            Mining & Quarrying

·            Manufacturing

·            Transport, Communication & Storage

·            Micro Loans & SME Loans in:

§   Wholesale, Retail, Hotel & Restaurants

§   Professional & Business Services

  2.35 – 5.85  
Northern Division – REFER TO TABLE (d) BELOW

Small Farmers (first $200,000)

Large Scale Farmers (above $200,001)

All Other Focus Sector Loans < $50,000
New Investors – Other Than Agriculture

   

2.00 – 3.85

2.25 – 5.65

2.35 – 5.85

 

2.25 – 5.50

 
    New Rate Charged to Borrower (%)  
Loans Without Subsidy

Loans > $50,001 and < $200,000

Loans > $200,001 to $500,000
Focused & Non-Focused Sector

Loans > $500,000

  8.30 – 11.80

8.25 – 11.65

 

7.75 – 11.30

 
Export Credit Facility   4.00  
Import Substitution and Export Finance Facility   5.00

*Interest rates are as at 1st February 2018.