Oct 9, 2011

Brazil: Interest Rate on Personal Loans

The interest rate charged for personal loans in Brazil was 49.6% per annum in August 2011 and 41.96% in the same month last year. Despite the downward trend in recent years and, the rates are still considered very high, among the largest in the world. The recent evolution of interest rate on personal loans is showed in the graphic below.

Source: Central Bank of Brazil

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