After Mega's 8.5; Sunrise Bank too offering Share loan at below 8 percent

ShareSansar, December 8:

Sunrise Bank Limited (SRBL), one of the commercial bank is offering margin lending loan at very nominal interest rate of 7.99 percent annual interest rate only.

Earlier, Mega Bank Limited (MEGA), one of the prominent commercial bank, has announced similar kind of loan (margin lending loan) at 8.5 percent annual interest rate.

With the increasing amount of liquidity in the commercial bank, banks are now competing with each other to provide share loan at very nominal rate. Earlier, 91-day treasury bill rate hits all time low to 0.004% and weighted average interbank lending is also at all time low of 0.15%; which signal the increasing amount of liquidity in the commercial banks.

Sunrise Bank has come up with an attractive share loan scheme targeting investors in the stock market at just 7.99 percent annual interest rate. The rate offered by the bank is proved to be very competitive and low in this sector among all the commercial banks of the country.