Considering the demand of the country’s entrepreneurs and investors, the state-owned Sonali Bank Limited has reduced interest rate against loans and advances for some specific sectors.
The sectors are capital loan, project loan, SME loan, general loan and commercial loan.
The bank has reduced interest rate by 1 percent from its existing rate of interest on project loan while it has brought down interest rate by 1.5 percent from the existing rate in case of working capital loan.
Sonali Bank has also lowered interest rates on SME loan by 1.5 percent to 2 percent from its existing rate while it cut the rate by 0.50 percent to 1.50 percent in case of general loan and commercial loan.
The bank has also reduced interest rate on NGO linkage financing by 0.50 percent from its existing level.