Co-op Bank Cuts Lending Rates by 2%

In a bold move that puts customers first, Co-op Bank Group has announced a game-changing reduction in its Base Lending Rate – from 16.5% p.a. to 14.5% p.a.

This isn’t just another adjustment; it’s a significant 2% drop that takes effect immediately.

What Does It Mean?

Whether you’re an ambitious entrepreneur, an MSME owner, or someone planning your next big move, this reduction is designed with you in mind.

The new effective lending rate will be the Base Rate of 14.5% p.a. plus a margin of 0% to 4% p.a., depending on your credit profile.

In simple terms?

A lower interest rates brings more affordable loans. In turn, this translates to bigger growth opportunities.

Why This Matters

At Co-op Bank, we understand that Micro, Small, and Medium Enterprises (MSMEs) are the backbone of our economy.

This strategic reduction isn’t just about numbers; it’s about fueling growth where it matters most – your business, your dreams, your future.

By easing access to credit, we aim to stimulate economic activity across key sectors, create jobs, and support sustainable development.

The Time to Invest Is Now

If you’ve been holding back on expanding your business, investing in new projects, or taking that bold financial step, this is the sign you’ve been waiting for.

Lower lending rates mean lower costs of borrowing, and that’s an opportunity you don’t want to miss.

Ready to Grow?

Talk to us today at Co-op Bank. Let’s turn the new lower rates into higher possibilities for you