Sunrise Bank Announces New Interest Rates for Savings and Loan Products Effective From 1st Chaitra, 2079
Sunrise Bank, one of the leading banks in Nepal, has announced new interest rates for its various savings and loan products. The new rates will be effective from the 1st of Chaitra, 2079.
Under the savings category, the bank offers LCY Saving Products with interest rates ranging from 6% to 9% per annum. Meanwhile, FCY Saving Products will earn interest rates of 2.40% to 6.15% per annum, and Sunrise NRN FCY Saving Products will earn interest rates of 2.40% to 5.75% per annum. For those looking to deposit money in a fixed deposit account, the interest rate will be 3.90% to 11.1% per annum. Sunrise Locker's Key Deposit will earn an interest rate of 6% per annum.
The interest rates for loans and advances will be based on the base rate plus up to 5%. FDR Loans will earn an interest rate of the coupon rate plus 2%, or the base rate plus 2.5%, whichever is higher. The Credit Card interest rate is 2.50% per month, while the interest rate for loans against government securities will be the base rate plus up to 4%. Consortium loans will be determined based on the consortium's decision.
For those interested in availing Sunrise Bank's home loans, education loans, Sunrise Sajilo Karja, auto loans, signature loans, and Sunrise Payroll loans, the interest rate will be 13% per annum.
Sunrise Bank's base rate as of Magh, 2079, is 11.49%, and the interest spread as of Magh, 2079, is 4.36%. It's important to note that NPR Call deposit rates will be up to 3%, and for bidding, the interest rate will be up to 0.50% higher than the institutional fixed deposit rate. Quarterly interest payments will be made for deposits.
Published by Sunrise Bank Limited on 2079-11-30
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