Credit card purchases will be more expensive in November: These are the new usury rates in effect
The Financial Superintendency of Colombia certified new interest rates that will govern various types of credit during the month of November.
This certification is based on information reported by credit establishments from October 3 to October 24, 2025.
For the consumer and ordinary credit modality, a rate of 16.66 percent effective annual was certified, which represents an increase of 42 basis points compared to the rate in force in October (16.24 percent).
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For other types of credit, this will be the current bank interest rate in effect during November:
- Low-amount consumer credit: 44.28 percent
- Productive credit of the largest amount: 26.88 percent
- Rural productive credit: 18.26 percent
- Urban productive credit: 38.78 percent
- Popular productive rural credit: 49.04 percent
- Popular productive urban credit: 59.18 percent
The current bank interest rate is the basis for calculating the maximum value of the compensatory and default interest rates defined in the Commercial Code and for determining the effects of the rule on usury defined in the Penal Code.
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In that regard, the usury rates that will apply to the different types of credit are as follows:
- Consumer and ordinary credit: 24.99 percent
- Low-amount consumer credit: 66.42 percent
- Productive credit of the largest amount: 40.32 percent
- Rural productive credit: 27.39 percent
- Urban productive credit: 58.17 percent
- Popular productive rural credit: 73.56 percent
- Popular productive urban credit: 88.77 percent
Photo: iStock
The usury rate for consumer and ordinary credit will increase by 0.63 percentage points compared to the rate in effect in October (24.36 percent).
This category includes loans for personal use, credit cards, payroll loans, and loans for the purchase of cars or motorcycles.
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