In compliance with the "Guidelines on the Base Rate System for Non-Bank Financial Institutions" issued by Bangladesh Bank (DFIM Circular No.-6) on August 20, 2013, IDLC reviews the Base rate on a monthly basis which is approved by the Asset Liability Management Committee (ALCO). Base rate is the minimum rate below which it is not viable for an NBFI to lend in the market. Base Rate captures all those elements of the lending rates that are common across all categories of borrowers. However, 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 IDLC is exhibited at all branches along with on the website for being transparent in the pricing of floating rate lending products.