Mortgage Interest Rate

Africa Ranking

percentSource: IMF

Current Rank	Country	Value	Latest Reading	Previous Rank	Previous Value

1	Liberia	13.38	9-2022	1	13.38
2	South Africa	11.75	8-2023	2	11.75
3 ↑	Guinea-Bissau	10.4	6-2023	6	8.18
4 ↓	Niger	9.61	6-2023	3	8.85
5 ↓	Benin	9.03	6-2023	4	8.41
6 ↑	Mali	8.47	6-2023	8	7.88
7 ↑	Senegal	8.27	3-2023	10	6
8 ↓	Togo	8.2	6-2023	5	8.26
9 ↓	Ivory Coast	7.4	6-2023	7	7.91
10 ↓	Burkina Faso	6.68	6-2023	9	7.63

Definition of Mortgage Interest Rate

The mortgage credit interest rate is the average interest rate on mortgage loan products offered to individuals and households by the commercial banks in the country. The mortgage credit is a loan used to finance the purchase of real estate.