The overall lending rate stood at 5.08% in the fourth quarter of 2024, a decrease from 5.21% during the same period a year earlier, according to the latest quarterly survey by Bank Al-Maghrib (BAM) on lending rates.
By economic category, the rates were 5% for cash facilities, 4.99% for equipment loans, 5.02% for home loans, and 6.99% for consumer loans, BAM reported.
Additionally, BAM noted that the rate applied to personal loans was 5.79%, while loans to non-financial businesses had a rate of 5%. For loans to private non-financial businesses, the rate was 5.26%, with large enterprises (LE) at 5.08% and very small, small, and medium-sized enterprises (VSMEs) at 5.70%.
This data follows BAM’s decision to lower its key interest rate to 2.50%.
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