Kumari Bank to charge maximum of 3.5% premium to all of its borrowers; new interest rate to be effective from upcoming Jan 1
Kumari Bank has decided to reduce the rate of premium for all of its borrowers beginning from Jan 1, 2024 where the bank will be charging a maximum of 3.5% premium.
The new premium rate will however not be applicable to the phone loan and credit card interest rates, as per the media statement.
The bank currently has 309 branches, 320 ATM outlets, 65 branchless banking units and 49 extension counters under its network.
