Kumari Bank's loan premium rate 3.5 percent

KATHMANDU:Kumari Bank Limited plans to reduce loan premium rates. According to bank, the bank has agreed to keep the loan premium rate at a maximum of 3.5 percent beginning January 1.

Kumari Bank Limited has notified us that, with the exception of phone loans and credit cards, this new rate will apply to all other types of loans from the bank.

The bank stated that it has chosen to lower the premium rate in order to make business activity more viable in the current difficult environment.