![](https://www.tbsnews.net/sites/default/files/styles/social_watermark_bkash/public/images/2024/07/17/img_4755.jpeg)
Borrowers under pressure as lending rate hits 16% in July
The interest rate on consumer loans hit a maximum of 16% in July, as banks drastically raised lending rates due to high inflationary risks, putting borrowers under severe repayment pressure, according to banks. Borrowers experienced a rise in interest rate …