SANTO DOMINGO. – After the Central Bank lowered the interest rates of its financial certificates, Lombarda and Overnight rates, some private organizations began to reduce their different rates some as much as six percentage points.

Though the Scotiabank and Leon banks are the first to lower rates, others, which handle a larger number of clients, are expected to follow suit in the coming days.

Scotiabank lowered the personal loan rate from 35 to 29%; from 24 to 19.5% on mortgages and from 26 to 21% for new vehicles.

 The rate on fixed income certificate, which varies depending on the time and value of the issue), also fell from 14.5 to 12.50%

The bank Leon has yet to lower its personal loan rate and remains at 33%, but mortgage loans fell from 24 to 22%; for used vehicles from 29 to 28%; for new automobiles from 25 to 24%, and its financial certificate rate from 12.13% to 11.75%.

The banks Popular and BHD maintain the personal loan rate unchanged at 36%, whereas the Banreservas keeps it at 34%.

The Popular’s mortgage loan rate is at 23.95%; the BHD is at 25% and the Reservas is at 23%.