Base Rates of Banks Decreased (With List)

Banking Khabar/ The base rates of banks have decreased again. Compared to the previous month of Shrawan, the average base rate for Bhadra has decreased by 0.25%, bringing it to 7.92%. A lower base rate indicates the potential for lower interest rates on loans, as the base rate is used as a foundation to which a premium is added when determining the final interest rate.

Among the 20 commercial banks, Standard Chartered Bank has the lowest base rate for Bhadra, standing at 6.22%. The second lowest is the state-owned Rastriya Banijya Bank, with a base rate of 6.66%. Borrowers looking for lower interest rates will find these two banks offering more affordable loan options compared to others.

On the other hand, NIC Asia Bank has the highest base rate, making loans from this bank more expensive. Its base rate stands at 9.22%. Similarly, Kumari Bank also has a comparatively high base rate at 8.90%.

Here’s a look at the detailed list of base rates by bank: