Kathmandu. As the banks have started reducing the interest rate on deposits, the interest rate on loans is also decreasing automatically. According to the data released by the commercial banks, the base rate has decreased by an average of 6 percent during one year. In November 2079, the average base rate of banks was 10.48 percent. In December this year, the base rate of banks has dropped to an average of 9.9 percent.

By reducing the average base rate of November 2079 from the average base rate of last November, the base rate of banks decreased by an average of 0.62 points. If we convert it into a percentage, the base rate of banks has decreased by 6 percent on an average during one year.

Machhapuchhre Bank is the one to reduce the base rate a lot within a year. 11.75 percent of fish tails have decreased to 9.91 percent. Similarly, Prabhu Bank's 10.28 percent has fallen to 9.94 percent.

Similarly, Siddharth Bank decreased from 10.25 percent to 9.63 percent, Sanima Bank decreased from 10.12 percent to 9.59 percent, Standard Chartered Bank decreased from 11.61 percent to 8.22 percent and Global IME Bank decreased from 9.76 percent to 9.8 percent. has fallen.

Similarly, Citizens Bank decreased from 7.80 percent to 10.39 percent, NMB Bank decreased from 8.14 percent to 9.81 percent, Nepal SBI Bank decreased from 7.71 percent to 9.93 percent, Nepal Investment Mega (NIMB) Bank decreased from 7.29 percent. It decreased to 9.66 percent, Everest Bank decreased from 5.95 percent to 9.31 percent, Prime Bank decreased from 4.98 percent to 10.68 percent and Nepal Bank decreased from 4.73 percent to 9.05 percent.

Similarly, Kumari Bank decreased from 3.66 percent to 10.78 percent, Lakshmi Sunrise Bank decreased from 2.18 percent to 10.75 percent, NIC Asia Bank decreased from 1.83 percent to 10.7 percent, Nabil Bank from 1.58 percent to 9.3 percent. And Himalayan Bank's base rate fell by 0.01 percent to 10.86 percent.

However, it seems that the National Commercial Bank and Agricultural Development Bank have increased. National Commercial Bank increased by 0.72 percent to 8.39 percent and Agricultural Development Bank increased by 1.47 percent to 10.3 percent.

The base rate of most commercial banks is in single digits. Taking a loan from a bank with a base rate in the single digits will cost less. When these banks add a maximum of 4 percent premium, the loan interest rate comes down to less than 14 percent. Also, some banks are reducing the premium along with the base rate.

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