Working Capital Loan Interest Rates Fall in November 2024

Working capital credit interest rates in Indonesian Rupiah showed a downward trend at the end of 2024, in line with the controlled domestic inflation rate.

According to Bank Indonesia data, the working capital credit interest rate for general banks in November 2024 was at 8.68% per annum, down 4 basis points (bps) compared to the previous month (month-to-month/mtm).

When broken down by bank group, the largest monthly decrease was in state-owned banks, with working capital credit interest rates falling 6 bps (mtm) in November 2024.

Meanwhile, in the national private banks and foreign/mixed banks groups, the decrease was only 2 bps (mtm).

Compared to November 2023, the working capital credit interest rate from general banks in November 2024 had fallen 23 bps (year-on-year/yoy).

The largest year-on-year decrease occurred in the national private bank group, namely a decrease of 30 bps (yoy).

Then, in the state-owned bank group, the decrease was 20 bps (yoy), and foreign/mixed banks only decreased by 6 bps (yoy).

Here is a breakdown of national banking working capital credit interest rates as of November 2024:

* General banks: 8.68% per annum
* National private banks: 8.78% per annum
* State-owned banks: 8.74% per annum
* Foreign and mixed banks: 6.88% per annum