Base Rate
In compliance with the DFIM Circular # 6 “Guidelines on the Base Rate System for Non-Bank Financial Institutions” issued by Bangladesh Bank on August 20, 2013, Meridian Finance reviews the Base rate on a monthly basis. Base rate is the minimum rate below which it is not viable for a Non-Bank Financial Institution to lend in the market. As per the Base Rate Guideline, the actual lending rates charged to the borrowers would be the Base Rate plus borrower-specific charges, which would include product-specific operating costs, risk premium and tenor premium.
The Base Rate of Meridian Finance is exhibited at all branches (Corporate Head Office, Principal Branch, Chattogram, Gazipur & Bogura) along with website and the determination and application of this Base Rate is in accordance with the Base Rate Guidelines of Bangladesh Bank for being transparent in the pricing of floating rate lending products.
| Month | Regular | Adjusted |
| February 2024 | 14.49 % | 14.92 % |
| January 2024 | 13.75 % | 14.16 % |
| December 2023 | 13.85 % | 14.26 % |
| November 2023 | 13.05 % | 13.45 % |
| October 2023 | 12.24 % | 12.66 % |
| September 2023 | 11.76 % | 12.20 % |
| August 2023 | 11.65 % | 12.10 % |
| July 2023 | 11.67 % | 12.06 % |
| Jun 2023 | 11.53 % | 11.92 % |
| May 2023 | 11.48 % | 11.84 % |
| Apr 2023 | 11.56 % | 11.92 % |
| Mar 2023 | 11.62 % | 12.04 % |
| Feb 2023 | 11.75 % | 12.20 % |
| Jan 2023 | 11.60 % | 12.03 % |
| Dec 2022 | 11.65 % | 12.07 % |