Credit users in the national financial system have begun to feel slight increases in the first four days of August, almost imperceptible in some cases and with at least one point more in consumer or personal loans, when compared to the cost of money financed in 2021, 2020 and 2019. According to data published by the Central Bank regarding the behavior of interest in the Dominican financial system, the average active interest rate from August 1 to 4 was 19.56% for consumer and personal loans, which are those in which a guarantee is not required, but rather the client’s profile, a pre-approval and, generally with short terms ranging from months to one to three years and to a lesser extent up to five years .
Annual
Throughout the year 2020, 2021 and 2019 the average rates for consumer and personal loans were 15.20, 15.45%, and 18.11%.
Last Thursday, banks negotiated consumer and personal loans with their clients at an average rate of 19.53%.
In the first four days, the business obtained financing at an average rate of 11.074%, On day 4 loans were negotiated at 11.95%, which came from businesses with rates of 9.89% on day 1 and 10.22%. and 10.92 on the 2nd and 3rd of this August.
For mortgage and development loans, rates reached an average of 11.23%. The preferential rate by sectors, instituted since 2019, has also risen a bit. In May 2022 it was a weighted average of 8.78%, in June it was 9.53%, in July it was 9.45% and in the first four days of August it closed with an average of 9.27%, but on day 4 it closed at 9.84%. On day 3 there were businesses closed with a rate of 10.06%. Only for commerce, loans negotiated at preferential rates reached an average of 9.58%, for consumer and personal loans 12.05%, and for mortgages and development 10.55%. In the past year 2021, preferential loans were negotiated with rates of 7.3% on average, a period in which the commercial sector obtained financing with interest of 6.85%, consumption of 9.16% and mortgage and development loans with rates of 8.23%.
