{"id":25711,"date":"2021-04-27T10:36:40","date_gmt":"2021-04-27T10:36:40","guid":{"rendered":"http:\/\/www.banglanewsus.com\/english\/?p=25711"},"modified":"2021-04-27T10:36:40","modified_gmt":"2021-04-27T10:36:40","slug":"refinancing-has-reduced-interest-rates-on-pre-shipment-loans","status":"publish","type":"post","link":"https:\/\/www.banglanewsus.com\/english\/2021\/04\/27\/refinancing-has-reduced-interest-rates-on-pre-shipment-loans\/","title":{"rendered":"Refinancing has reduced interest rates on pre-shipment loans"},"content":{"rendered":"<div class=\"af-breadcrumbs font-family-1 color-pad\">\n<div class=\"breadcrumb-trail breadcrumbs\" role=\"navigation\" aria-label=\"Breadcrumbs\"><\/div>\n<\/div>\n<div id=\"primary\" class=\"content-area\"><main id=\"main\" class=\"site-main\"><\/p>\n<article id=\"post-10044\" class=\"post-10044 post type-post status-publish format-standard has-post-thumbnail hentry category-business category-economy\">\n<div class=\"entry-content-wrap read-single\">\n<div class=\"color-pad\">\n<div class=\"entry-content read-details color-tp-pad no-color-pad\">\n<p><strong>News Desk:<\/strong>\u00a0The interest rate of the Tk 5,000 crore refinancing fund set up by Bangladesh Bank for pre-shipment loans of export-oriented industries damaged due to coronavirus has been reduced. From now on, the maximum interest at the consumer level under this fund will be 5 percent.<\/p>\n<p>Since the formation of the fund last year, which was 6 percent. And from now on banks will be able to take this fund at 2 percent interest instead of 3 percent. Bangladesh Bank sent the directive to all banks to reduce interest rates on Monday.<\/p>\n<p>The concerned people think that the interest to borrow from this fund will increase as a result of reducing the interest rate at the consumer level.<\/p>\n<p>Earlier on April 22, Bangladesh Bank reduced the maximum interest rate on all types of agricultural loans from 9 percent to 8 percent. It is learned that the decision was taken mainly due to the downward trend in interest rates due to huge surplus funds in the market.<\/p>\n<p>After the onset of coronavirus, on April 13 last year, Bangladesh Bank set up a refinancing fund of Tk 5,000 crore to finance the pre-shipment sector. Customers can take such loans to cover the cost of shipping export goods. Generally, banks can charge 7 percent interest on export loans. However, due to Corona, the fund was set up for pre-shipment loan.<\/p>\n<p>Bangladesh Bank has said in a circular that it has decided to reduce the refinancing interest rate in the pre-shipment credit sector to achieve higher growth in the export sector by ensuring low interest rate loans. At the consumer level, the maximum interest rate will be 5 percent instead of 6 percent. And the banks will get funds from Bangladesh Bank at 2 percent interest instead of 3 percent. It states that this instruction will be effective immediately.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<p><\/main><\/div>\n","protected":false},"excerpt":{"rendered":"<p>News Desk:&nbsp;The interest rate of the Tk 5,000 crore refinancing fund set up by Bangladesh Bank for pre-shipment loans of export-oriented industries damaged due to coronavirus has been reduced. From now on, the maximum interest at the consumer level under this fund will be 5 percent. Since the formation of the fund last year, which was 6 percent. And from now on banks will be able to take this fund at 2 percent interest instead of 3 percent. Bangladesh Bank sent the directive to all banks to reduce interest rates<\/p>\n","protected":false},"author":6,"featured_media":25712,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[39,12],"tags":[],"_links":{"self":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts\/25711"}],"collection":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/comments?post=25711"}],"version-history":[{"count":1,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts\/25711\/revisions"}],"predecessor-version":[{"id":25713,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts\/25711\/revisions\/25713"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/media\/25712"}],"wp:attachment":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/media?parent=25711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/categories?post=25711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/tags?post=25711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}