In the loanable funds market, what happens to the interest rates when the supply of loanable funds increases while the demand remains constant?

In the loanable funds market, when the supply of loanable funds increases while the demand stays the same, interest rates tend to decrease. This happens because there are more funds available for borrowers, making it easier for them to get loans. As a result, lenders will compete to attract borrowers, which leads them to lower the interest rates they charge. For example, if a bank has more money to lend, it might reduce its interest rate to encourage more people to take out loans. Ultimately, an increase in supply with constant demand creates a situation where borrowing becomes cheaper for consumers and businesses.