Nepal Bank Limited introduces 'Accessible Housing Loan'

Kathmandu, October 2 — Nepal Bank Limited has launched the 'Nepal Bank Limited Accessible Housing Loan' at the interest rate of 7.70%.

Under this accessible housing loan, customers can obtain loans for purchasing a house, building a new house, repairing, renovating, or reconstructing. The bank has set a repayment period ranging from 5 to 25 years and offers a maximum discount of 33.33% on service charges, providing loans from NPR 500,000 up to a maximum of NPR 20 million.

Additionally, the bank has significantly reduced the interest rates on various loans, including business loans and auto loans. The interest rate on the prosperous business loan, which has a credit limit of up to NPR 100 million, is 8.28%. Business customers can utilize this loan for managing working capital and fixed capital.

Similarly, the interest rate on auto loans, which the bank provides for purchasing new vehicles with repayment periods of 5 and 7 years, currently stands at 7.78%.