Kathmandu. Rastriya Banijya Bank's interest rate on business loans has come down. The bank's business loan interest rate has been reduced by 0.5 percent. The bank has said that the interest rate has also come down along with the reduction in the premium rate on business loans.

According to Devesh Prasad Lohani, information officer of the bank, the bank has reduced the business interest rate.

The maximum premium rate was 3.25 per cent, now we have brought it to 2.75 per cent, adding the base rate of 5.61 per cent and 3.25 per cent would have been 8.86 per cent, now it is only 8.36 per cent, 0.5 per cent. Has decreased, 'he said.

 Now, customers who take business loan from the bank will get relief even if it is small. Borrowers will now be able to get loans from Rastriya Banijya Bank at an interest rate of 8.36 percent.

Rastriya Banijya Bank has reduced the maximum premium rate of all business working capital loans by 0.50 percent with effect from April 20.

The bank has reduced the maximum premium rate on business loans from 3.25 percent to 2.75 percent for new and old customers.

The bank is providing business loans such as hypothecation, overdraft, demand loan, working capital. The bank has increased interest rates on deposits. The bank has 247 branch offices, 205 ATMs and 98 branchless banking in all 77 districts.