Inside its usual range of 8.52% to 9.80%. The low is 7.51%, in April 2022. Down from 8.72% a year ago.
What it is. The average interest rate banks charged on new rupee loans in the month, weighted by amount.
How to read it. This is where a change in the repo rate reaches borrowers. It follows the repo rate with a lag, and not always by the full amount; the RBI page tracks how much of each cycle has passed through.
| Latest | 8.61% | Aug 2026 |
|---|---|---|
| A week ago | 8.52% | |
| A month ago | 8.52% | |
| A year ago | 8.72% | |
| Usual range | 8.52% to 9.80% | |
| Median | 9.40% | |
| Lowest | 7.51% | 1 Apr 2022 |
| Highest | 11.52% | 1 Sept 2014 |
| Percentile, full history | 28 | |
| Percentile, last 5 years | 41 |
The usual range is the middle half of readings since 2014. A percentile is the share of the 144 readings since 1 Sept 2014 that were below today's. Data: statistics, history (JSON); history as CSV.
To cite: tipsheet, “Banks' average rate on new loans”, data to Aug 2026, https://tipsheet.markets/i/walr-fresh/
the usual range: the middle half of all readingstodayEach line runs from the lowest reading ever to the highest.